Europe's future in an age of austerity 123

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Ditchley Park Oxfordshire

Conference report: Europe’s future in an age of austerity

9-10 November 2012

Europe has entered a period of prolonged fiscal austerity at a time when the private sector in highly indebted countries is still deleveraging. Economic growth across much of the region could therefore be chronically weak for a long time. The purpose of the conference was to explore how Europe’s recent growth path compares with that of other countries/regions recovering from financial crises; whether Europe’s growth strategy can work; and what the political and social consequences will be if economic stagnation in parts of Europe becomes entrenched.


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