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PTEU - Europe At A Crossroads: The Time For Bolder Policy Action Is At Hand
Pacer TrendpilotTM European Index
Rick Rieder argues that anemic growth in Europe is a longstanding problem that today requires a bold solution. Institutionally, the ECB can offer potentially effective, if unconventional, help.
A shorter version of this commentary appeared in the Financial Times on July 22, 2019.
A specter is haunting Europe - the specter of anemic growth. Ten years have passed since the global financial crisis and while unemployment in the U.S. has recovered to the best levels in nearly 50 years (3.6%), those gains have not been replicated in Europe. 10.4% of the Italian labor force remains