ETUI: The economic and financial crisis in Europe: addressing the causes and the repercussions

The European economy has been hit hard by
the global economic and financial crisis.
Commentators have been reaching for the
superlatives to describe the extent of the
impact and the threat to economic wellbeing:

the most frequent comparison is with
1929 and the Great Depression that followed.
Others, though, have pointed the finger at
single actors – central banks and their ‘easy
money’ policies, greedy Wall Street titans,
sleepy regulators – implying that, once such
incompetents have been removed, we can
return to business as usual. Still others cling
to a medieval-style fatalism in which crises
are a divine and inevitable penalty for
ineradicable human sins.

Read the full report on the economic and financial crisis in Europe

Andrew Watt