Whose Economic Reform?
Together with fiscal consolidation, structural reform is the new European mantra. But an economic-reform agenda cannot result from a mechanical exercise by international organizations or the EU, because, at some point, hard choices about priorities and sequencing must be made, and this is what governments are elected to do.
PARIS – Together with fiscal consolidation, structural reform is the new European mantra. International organizations and European Union bodies regard such reform as a prerequisite of economic recovery, growth, and alleviation of the unemployment plague.