Austerity measures in Europe have failed to deliver results (photo:dpa)

Reforming the flawed economies of Europe’s peripheral countries

Austerity measures have failed to turn round the economies of Europe’s peripheral nations – those with slow growth, big debts and high unemployment. New ways to stimulate growth and restore flagging economies could be introduced which reward countries rather than imposing penalties for failing to meet fiscal discipline.

<i>Several countries will miss the European Union’s three per cent deficit-to-GDP ratio in 2013, while possible increases in interest rates could force slow-growing, highly-indebted economies - the periphery of the EU - to beg for new bailout programmes. Not much will emerge from the traditional austerity versus growth strategies. If further financial resources ...

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Professor Enrico Colombatto
But a new worry has emerged. What will happen to these countries when interest rates are increased?
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.
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