What should be Europe's recipe for growth?

EUROPE

This summer saw the start of a much needed revolution in the euro area, driven by the need to reduce uncertainty and improve conditions for business.

It began with Mario Draghi’s speech in London on 26 July, when he confirmed that the euro was “irreversible” and that actions have been made and will continue to be made to keep it that way. He stated that European countries are joined together in a common project that they want to continue to build and that currency is the instrument that unites them. This important political change, that places the euro at the centre of a new hierarchy, could well be what leads to a solution to the sovereign debt crisis. Framework If the euro area is to move forward, institutional change that create...