Four steps to exit the crisis
"We are facing the prospects of a lost decade of growth and employmentand an absence of decisive leadership on how to tackle it. Politicalelites are sharply divided between the need for increasing spending tocreate growth and the pursuit of further budgetary consolidation.
Neither of these two solutions alone can work - more austerity willdrive the EU into a prolonged recession whilst uncontrolled spendingwill increase public debt to unsustainable levels."
Guy Verhofstadt
