EU Snail Pace Structural Reforms holding back Potential Growth

“Germany needs to adopt policies – fiscal stimulus, higher spending on infrastructure and public investment, and more rapid wage growth – that would boost domestic spending and reduce the country’s external surplus,” he said.

“Unless, and until, Germany moves in this direction, no one should bet the farm on a more robust and sustained eurozone recovery.”

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Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics