The global economic crisis that began in 2007 has posed huge challenges for European citizens and governments. The crisis has shown that the ﬁnancial sector has not been adequately regulated and supervised, that governments and individuals have overspent, and that European economies are suffering from structural problems. This book, a collaboration between the Centre for European Studies and its member foundations, assesses government responses to the crisis at the national, EU and regional levels, and also offers policy recommendations. Governments should work with one another and with EU institutions to improve bank supervision and regulatory mechanisms. They should undertake ﬁscal consolidation measures, bearing in mind that government deﬁcits and debt incur costs that burden future generations. Finally, they should undertake structural reforms such as creating ﬂexible labour markets, increasing the retirement age and shaping efﬁcient public institutions. Implementing such measures would bring about lasting economic growth, contribute to job creation and set Europe on the path to prosperity.
You can buy the book, including e-book versions, at:
ibookstore.com (http://ces.tc/1eFKvDP) and