Summary

Giuseppe Bertola, Edward Driffill (), Harold James, Hans-Werner Sinn, Jan-Egbert Sturm and Akos Valentinyi ()

EEAG Report on the European Economy, 2013, 08-12

Abstract: Chapter 1 of the report discusses the immediate macro economic outlook for the global economy, with a particular focus on the European situation. Chapter 2 focuses on the major macroeconomic imbalances within the euro area and argues that a substantial devaluation in the crisis economies is needed to achieve a sustainable solution. Against a background of surging unemployment rates in many European countries in recent years, Chapter 3 analyses Euro pean labour markets, with a special focus on youth unemployment. Finally, Chapter 4 looks at the situation in Europe from across the pond to determine whether Europe can learn any lessons from the historical development of a fiscal union in the United States.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:ces:eeagre:v::y:2013:i::p:08-12

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