Special issue 2014 ; from austerity to stagnation : how to avoid the deflation trap

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Résumé
The independent Annual Growth Survey (iAGS) provides, as a counterpoint to the Annual Growth Survey of the European Commission, an independent assessment of the economic situation of the European Union by three European economic institutes: OFCE (Paris), IMK (Düsseldorf) and ECLM (Copenhagen).


Despite some positive signs, the iAGS 2014 report argues that the European economic crisis is far from over. The policies conducted so far, in particular fiscal austerity, have failed and European countries still pay the price of this failure.
 
 
 
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