The European Union is facing considerable weaknesses in banking, public debt and growth that place the Continent at risk for further crises. Policy makers are looking to quantitative easing and zero-bound or even negative interest rate policies for a solution, but according to economics professor Enrico Colombatto, their remedies have been unable to spur growth. Executives and investors with an interest in one of the world’s largest economies will find immense value in this brief but compelling report, which getAbstract highly recommends.
In this summary, you will learn
- What economic issues the European Union faces,
- Why accommodative monetary policy has not been the solution and
- How the EU might deal with three possible scenarios in 2016.
About the Author
Enrico Colombatto is a professor of economics at the University of Turin, Italy.
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