La croissance, oui, mais comment ? En Europe, on discute beaucoup d’un pacte de croissance, mais personne n’est d’accord

Going for growth, but how? Europe is abuzz with talk of a growth compact, but nobody agrees what it means

[The Economist]

THE words of Mario Draghi were just an aside, but they caused a stir. “We have had a fiscal compact. Right now what is in my mind is to have a growth compact,” the president of the European Central Bank told the European Parliament. He did not elaborate. But from a man closely linked to the German desire for fiscal rectitude, his words led many to hope that the euro zone might move on from its self-defeating obsession with austerity. Mr Draghi, it seems, has started being less German and more French as Europe awaits the likely election of François Hollande as the new French president. Mr Hollande, a Socialist, wants to renegotiate the fiscal compact, a treaty toughening fiscal rules, to include growth. In Brussels there is talk of a new Marshall Plan. Herman Van Rompuy, president of the European Council, is expected to summon European Union leaders to a dinner to discuss growth.
With parts of the euro zone crushed by recession and mass unemployment, many now look to Mr Hollande for relief. Even Angela Merkel, the German chancellor, has changed tone. She now insists that Europe’s policy rests not only on budgetary discipline, but also on measures to promote jobs and growth.
Lire : economist.com