A European Recovery Programme

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Series Details No.9. November 2008
Publication Date November 2008
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To overcome the most serious recession since the Great Depression, this policy brief proposes and details a European Recovery Programme, consisting of a substantial and coordinated fiscal stimulus complemented by measures to strengthen fiscal sustainability. Jean Pisani-Ferry, André Sapir and Jakob von Weizsäcker have put together a programme which combines an immediate budgetary stimulus via the implementation of four concrete steps: 1. budgetary boost 2. reform commitment 3. enforcement and 4. prudent borrowing.

Source Link http://aei.pitt.edu/9584/01/European-Recovery-Programme-17112008-2.pdf
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