Default policy, television, European economy recovery

[] Recently, when visiting the Eastern Lolin area in France, the reporter felt a shocking depression: shops were closed, restaurants were unattended, tax evasive tax loan wind … The economy has long been lost to the future, and the society did not " ".

It was a heavy town of European coal steel, but now, many residents said: "We have been abandoned", "This is a land without hope." Luolin is just a microcosm of the economic difficult crawling in the European continent. As the birthplace of the industrial revolution, Europe has owned the most advanced productivity of human beings, and leads the world economy.

At the time, the European economy has been tired in recent years, and has not been completely slow from the financial crisis. Since this year, the European economy has begun to force, and the euro zone economy has increased in the second quarter. At the same time, the unemployment rate continues to fall, and the unemployment rate in the euro zone is reduced to% in the least 8 years in July. The data seems to be good, but analysts generally believe that the European economy is stable, balanced, and sustainable growth is still not small.

Maria Demei, deputy director of Europe and the Global Economics Institute, said: "The recent Europe did new growth, but (growth) is still weak and unstable." Germany is considered as the euro zone economy " The example ", there is also a concern behind the seemingly robust recovery. Deutsche Bank issued a report last month, strong periodic recovery masked the fact that German economic growth foundation has been gradually weakened, and it is expected that by 2025, German economic growth will not be half growth in 2016. At the same time, some of the serious structural unemployment problems in European countries have not improved, especially the unemployment of young people, has become a huge drag of economic recovery.

The EU Statistics Data show that in July this year, the unemployment rate of young people in the euro zone reached%, of which the unemployment rate of Spain was as high as the unemployment rate.

  International Monetary Fund (IMF) recent release report pointed out that the short-term growth risks in the euro zone tend to balance, but the medium and long-term risk is still changing. IMF believes that in European countries in the debt, financial instability is the main risks of violent fluctuations in the future economy. High-end bond countries such as Italy, France, Portugal adopt a small space for positive fiscal policies.

  At present, the European economic recovery is still highly dependent on the central bank "put water", so that the European Central Bank has not sufficiently confident to exit quantitative easing policies.

In contrast, the fiscal policy is insufficient, and the structural reform is lagging behind. Structural reform is a "key" to solve structural growth issues, but it is slow in European countries, especially in the general election cycle. European Investment Bank believes that since the 1990s, Europe has experienced 20 years of "competitive recession". The European productivity growth level has dropped behind its main trading partners, and European companies have declined, providing high European people. The ability to return jobs and high quality life also decline. It lacks coherent, powerful and coordinated policy support, so that the European economy is difficult to "shift" into strong structural growth, and the policy "does not force" is a deep contradiction in European society.

  First, the limitations of the electoral system have enable many European politicians to put the main energy to the elections rather than governing the country, repeatedly delay the opportunity to reform, and even "reverse the car". Second, the shortcomings of the Western democratic system have enabled European governments to efficiently regulate the economy, social class curing affects the confidence and feelings of people’s participation in economic activities. Political elites know the deep disadvantages, but it is difficult to reform, and all interests are unwilling to bear the pain of reform. When the market "invisible hand" has problems, the government’s "tangible hand" is difficult to play an effective role than too much.

Experts from the Political Research Center of the Paris Political Research Center pointed out that a root cause of the current all kinds of illnesses in France lies in the curing of elite, and expands with the gap between the middle class.

Controlling the interest group of the national machine more pays more attention to the stability of the system, does not want too much change, thus making the reform become more difficult.

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