|
|
While the economic policy agenda in Europe is currently dominated by lagging activity reflecting public and private sector balance sheet adjustment and rebalancing needs, the quest for growth and competitiveness is a longer-term issue that clearly deserves renewed attention. Against this background, the work carried out in the context of the Fellowship Initiative should help to map out a new growth narrative for and across Europe over the medium term.
The fresh insights provided by the work of the fellows on the drivers of growth and shared prosperity are highly welcomed at a time when so much of the news is pessimistic or cautious at best. They will certainly stimulate further debate and help Europe to rise to the challenges ahead.