16 Aug 2013

Has austerity failed in Europe?

Daniel Gros

0
Download Publication

2992 Downloads

In this Commentary Daniel Gros argues that austerity has been unavoidably associated with a high cost in terms of a long recession and high unemployment. But the main aim was achieved as the peripheral euro area countries have now reached a sustainable external position.

Daniel Gros is Director of the Centre for European Policy Studies. This Commentary was first published by Project Syndicate on 14 August 2013, and disseminated to newspapers and journals worldwide.

Related Publications

Browse through the list of related publications.

Walling off Responsibility?

The Pushbacks at the EU’s External Borders with Belarus

A transatlantic divide?

Transitory inflation in Europe but persistent in the US

The end of an era

The Polish Constitutional Court’s judgment on the primacy of EU law and its effects on mutual trust

Deepening EU-Moldovan Relations

Updating and upgrading in the shadow of Covid-19 Third edition

Deepening EU-Ukrainian Relations

Updating and upgrading in the shadow of Covid-19 Third edition

Deepening EU-Georgian Relations

Updating and upgrading in the shadow of Covid-19 Third edition