Europe is falling into a stagnation trap. With growth barely visible, and dangerously low inflation causing real interest rates to rise, the weight of public and private debt has grown very heavy, and many fear that another lost decade is at hand. And, though the threat of eurozone fragmentation has receded, it has not disappeared. […]
Henrik Enderlein and Jean Pisani-Ferry
Henrik Enderlein is a Professor at the Hertie School of Governance and Director of the Jacques Delors Institute in Berlin. Jean Pisani-Ferry is a Professor at the Hertie School of Governance in Berlin and currently serves as the French government’s Commissioner-General for Policy Planning. He is a former director of Bruegel, the Brussels-based economic think tank.