1. / Home
  2. / Blog
Blog post

Why Europe has caught a cold

Publishing date
26 February 2008

The old economist saying ‘Whenever the US sneezes, Europe catches a cold‘ seems to once again been proved right. The forecasts for European growth have dropped, but rather than being based on economic analysis the pessimism stems from the disbelief in Europe‘s ability to, despite being one of the giants of the world economy, finding the wellspring of its own growth. 

Click here   to download this comment.

This comment was also published by Le Monde.

About the authors

  • Jean Pisani-Ferry

    Jean Pisani-Ferry holds the Tommaso Padoa Schioppa chair of the European University Institute. He is a Senior Fellow at Bruegel, the European think tank, and a Non-Resident Senior Fellow at the Peterson Institute (Washington DC). He is also a professor of economics with Sciences Po (Paris).

    He sits on the supervisory board of the French Caisse des Dépôts and serves as non-executive chair of I4CE, the French institute for climate economics.

    Pisani-Ferry served from 2013 to 2016 as Commissioner-General of France Stratégie, the ideas lab of the French government. In 2017, he contributed to Emmanuel Macron’s presidential bid as the Director of programme and ideas of his campaign. He was from 2005 to 2013 the Founding Director of Bruegel, the Brussels-based economic think tank that he had contributed to create. Beforehand, he was Executive President of the French PM’s Council of Economic Analysis (2001-2002), Senior Economic Adviser to the French Minister of Finance (1997-2000), and Director of CEPII, the French institute for international economics (1992-1997).

    Pisani-Ferry has taught at University Paris-Dauphine, École Polytechnique, École Centrale and the Free University of Brussels. His publications include numerous books and articles on economic policy and European policy issues. He has also been an active contributor to public debates with regular columns in Le Monde and for Project Syndicate.

Related content

Policy brief

How to make the EU Energy Platform an effective emergency tool

The platform could become an effective emergency tool to safeguard Europe’s gas supply, but policymakers need to address challenges to make it work.

Walter Boltz, Klaus-Dieter Borchardt, Thierry Deschuyteneer, Leigh Hancher, François Lévêque, Jean Pisani-Ferry, Benjamin McWilliams, Axel Ockenfels, Simone Tagliapietra and Georg Zachmann