Des économies inefficaces plombent l’Europe

Infographie : François Descheemaekere

Inefficient Economies Seen as Drag on Europe

[The New York Times]

As France and other European nations grapple with the downgrade of their sovereign debt by Standard & Poor’s on Friday, a longer-term test looms over whether those nations will now turn toward improving Europe’s economic competitiveness. Most European countries have embraced the austerity prescribed by Chancellor Angela Merkel of Germany to resolve what markets have identified as the big problems: high debts and budget deficits.
But in their zeal to mend balance sheets, European leaders have rarely been heard talking about how to take advantage of the crisis — as Germany has with past crises — to rebuild their economies by investing in new technologies or making their labor markets more flexible.
Lire : nytimes.com