An Analysis of the Recent Eurozone Recovery: Is it Sustainable?

Journal of Governance and Regulation, Volume 6, Issue 3, 2017

8 Pages Posted: 9 Oct 2017

See all articles by Ivo Pezzuto

Ivo Pezzuto

The International School of Management, Paris

Date Written: July 5, 2017

Abstract

This article addresses the topic of the surprise European Economy recovery in 2017 and its possible implications. The article aims to provide a broad and comprehensive understanding of the triggering factors that have contributed to this unexpected economic revival and to the slow and uneven economic recovery in Europe after the Global Financial Crisis of 2008 and the Great Recession. The article also aims to highlight the potential downside risks related to the still unsolved structural issues that caused the debt overhang and macroeconomic imbalances in Europe in the past decade. Thus, the European Union and the Eurozone seem to be on course for a potential brighter future in the years to come but internal and external risks might still undermine the path to sustained growth, full economic recovery, and stronger integration in the region unless proper political, economic, fiscal, and monetary governance and policies are assured to make the euro area more resilient to future systemic shocks.

Keywords: EU; European economics; macroeconomic analysis; imbalances; fiscal policy, monetary policy, structural policy; debt; leverage; credit; bank crisis; scenario analysis; economics; finance; banking; financial crisis; political economy; systemic risk; financial stability; sustainability

Suggested Citation

Pezzuto, Ivo, An Analysis of the Recent Eurozone Recovery: Is it Sustainable? (July 5, 2017). Journal of Governance and Regulation, Volume 6, Issue 3, 2017. Available at SSRN: https://ssrn.com/abstract=3047103

Ivo Pezzuto (Contact Author)

The International School of Management, Paris ( email )

17, boulevard Raspail
Paris, 75007
France

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