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WIFO: South Europe Needs New Industrial Policy
Politics ♦
Published: December 15, 2012; 18:56 ♦ (Vindobona)
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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…
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