9 research outputs found
A European recovery programme. Bruegel Policy Brief 2008/09, November 2008
[Introduction]. To overcome the most serious recession since the Great Depression, this policy brief proposes and details a European Recovery Programme, consisting of a substantial and coordinated fiscal stimulus complemented by measures to strengthen fiscal sustainability. Jean Pisani-Ferry, André Sapir and Jakob von Weizsäcker have put together a programme which combines an immediate budgetary stimulus via the implementation of four concrete steps: 1. budgetary boost 2. reform commitment 3. enforcement and 4. prudent borrowing