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WIFO: South Europe Needs New Industrial Policy

Published: December 15, 2012; 18:56 · (Vindobona)

The Austrian Institute of Economic Research (WIFO) stresses that Spain, Greece and Portugal need new growth measures instead of austerity cuts.

WIFO: South Europe Needs New Industrial Policy / Picture: © Vindobona.org

This week, WIFO presented its research project “Welfare, Wealth and Work for Europe – WWWforEurope” which was developed on behalf of the Commission of the European Union.

According to WIFO´s economist Peter Huber, the weak productivity development is the main reason for the shrinking competitiveness off South European countries. As a result, Greece, Spain and Portugal need…

This article includes a total of 217 words.

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