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Europe – Facing a fresh downturn

Six years after being struck by economic crisis, Europe is facing a fresh downturn, with few new ideas on Capture d’écran 2014-08-30 à 09.18.01the table for reigniting growth and deepening political divisions over the austerity policies that many blame for worsening the malaise…

“Europe is at risk of secular stagnation,” said Lawrence H. Summers, a former United States Treasury secretary and former economic adviser to President Obama, referring to a situation in which very sluggish economic growth becomes the new norm. Unless governments find a solution, he added, “there is little chance that reasonable and rapid growth is going to return to the eurozone.”

Chosen excerpts by Job Market Monitor. Read the whole story at  Divisions Grow as a Downturn Rocks Europe – NYTimes.com.

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