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Monday, November 24, 2014

Daniel Gros : Investment as the key to recovery in the euro area? | The Centre for European Policy Studies

Investment as the key to recovery in the euro area? | The Centre for European Policy Studies



"The author advises that the aim of economic policy should be to increase consumption, rather than investment overall. Increasing infrastructure investment might be justified in some member countries, but it is not a ‘free lunch’ when efficiency levels are low, which seems to be the case in some of the financially stressed euro area countries."

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