ENG European Union Eurozone Macro Analysis

Macro Focus: Europe needs a New Deal to restart growth

The election of the Socialist François Hollande to the Presidency of the French Republic and the massive rejection of the mainstream pro-austerity political parties by the Greek electorate are clear signs that Europe is reconsidering growth over austerity. Indeed, the “austerity and nothing but austerity” mantra, championed by German chancellor Angela Merkel and her allies, failed to impress grassroots European citizens […]