Marco Buti, Pier Carlo Padoan, 12 September 2013

The Eurozone is recovering but the revival is fragile – ringed by downside risks. This column argues that three steps – reducing policy uncertainty, repairing the financial system, and creating new investment opportunities – are essential. They could switch the negative confidence-growth feedback loop into a positive one, thus paving the way to robust medium-term growth. There is no room for complacency or procrastination.



CEPR Policy Research