Europe’s dilemma: austerity revisited or a new path for sustainable growth

Tuesday, 28 April 2015

On 20 March 2015, the European Trade Union Institute (ETUI) has held a high-level conference on alternatives to the current management of the Euro crisis. The conference report is now available.

Although the Juncker Commission has included in its programme some new accents, such as Europe’s strategic investment plan, the Eurogroup’s negotiations with the new Greek government have made it clear that EU leaders remain reluctant to let go of their failing austerity narrative. Contrary to their claims that there is no alternative, several of the world’s top economists have developed alternative solutions to tackle Europe’s debt crisis.

During this special conference, renowned economists Prof. James Galbraith, University of Texas at Austin, Steven Tobin, Senior Economist in the Research Department and lead author of the ILO studies on Greece and on the Juncker plan, Heiner Flassbeck, former German State Secretary and Director of Flassbeck-Economics, and Prof. Benjamin Coriat, Université Paris 13, have provided their analysis on the Europe’s protracted crisis and introduced concrete alternatives on how to reshape Europe’s economy for sustainable growth, investment, jobs and equitable prosperity.



European Union