The euro-zone economies faced a rather bleak outlook during their time of crisis in 2011 and 2012. Indeed, observers then opined on the bloc’s imperiled future and even possible dissolution. But the euro area overall has been experiencing an economic recovery largely due to its “soft austerity” policies, according to this astute analysis by economist Daniel Gros. getAbstract recommends his timely commentary, accessible to both the policy expert and the informed reader, for its cogent arguments.
In this summary, you will learn
- Why the euro-zone economy is performing well,
- What projections of future economic conditions say about the region’s progress and
- What future policy adjustments the euro zone will need to make.
About the Author
Daniel Gros is the director of the Centre for European Policy Studies.