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Financial Times/ La Vanguardia/ Les Echos/ Gazeta Wyborcza : "Europe needs a concerted fiscal stimulus"

by Jean Pisani-Ferry, André Sapir, Jakob von Weizsäcker on 18 November 2008

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Filed in: OPINION PIECES AND COLUMNS

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Jean Pisani-Ferry, André Sapir and Jakob von Weizsäcker outline in this opinion piece the ingredients needed to bring together a European recovery programme (also see policy brief "A European Recovery programme". Their proposal supports the G-20 communiqué calling for 'fiscal measures to stimulate domestic demand to rapid effect' and underlines the needs to maintain 'a policy framework conducive to fiscal sustainability' by reinforcing the Stability and Growth Pact.