The austerity debate: what Europe got right and wrong

by Guntram B. Wolff, Jean Pisani-Ferry on 1st March 2013

The renewed signs of Europe's economic weakness raised by the Commission's economic forecasts for 2013, the stark contract within the euro area between a prosperous North and a struggling South, and growing social and political resentment in the countries most affected are triggering a new policy debate. Is austerity working?
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