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Published in:
2004 | OriginalPaper | Chapter
What’s Wrong with Europe’s Economy?
Author : Adair Turner
Published in: Challenges for Europe
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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My title for this lecture clearly indicates my view that something is wrong. In 2001, there was much confidence about Europe’s prospects, relative to the US. The euro had been successfully launched. Its impact on intra-European trade and industrial restructuring was already apparent and the difficult period of pre-launch fiscal consolidation lay in the past. The US, with greater personal exposure to stock market investment, appeared more vulnerable to the dotcom bust.