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.
About the Author
Daniel Gros is the director of the Centre for European Policy Studies.