EU policy guru: ‘Austerity plans risk stifling growth’

What risks are actual embedded in the approach of our public debt. It is clear that we should listen to one another, because one strategy seems not to fit all. Our public leaders Sarkozy, Obama and Merkel circle around the facts and the different strategies. This article shares a light on the different angles and aspects of the different approaches.

Source: EurActiv

“Austerity measures to cut public debt and rein in speculation on the euro are threatening to kill the fragile economic recovery, warned policymakers ahead of a summit aimed at strengthening budget discipline in the European Union. Maria João Rodrigues, former special advisor at the European Commission and an economics professor, spoke to EurActiv in an interview. Maria João Rodrigues was a special advisor to the European Commission on the Lisbon Strategy for growth and jobs.

EU leaders are meeting on Thursday to agree on the Europe 2020 agenda for growth and jobs. What do you see as the main advances of the new strategy compared to its predecessor, the Lisbon Agenda?
There was an effort to update the strategic priorities taking into account the extent of the challenge. The group of challenges is wider today than in 2000 because we are confronted with competitors from all around the world. There are lots of emerging economies, not just the United States and Japan. On the environment, the central challenge now is climate change and regarding demographic trends, the ageing problem is now deeper. ‘Europe 2020’ made an effort in coping with these challenges.” Read more >