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Corresponding Author:
Luciano Marcello Milone, University La Sapienza, Department of Economics and Law, Rome, Italy

Structural Reforms in the European Union: What is New after the Crisis?

Volume 73 - Issue 3, August 2020
(pp. 351-372)
JEL classification: G01, O40, O52, P11
Keywords: Financial Crisis, Growth, Europe, Structural Reforms

Abstract

This study analyses how individual countries in the European Union have to react to the recent global crisis by significantly changing their policy priorities, in different ways and to a different extent, in order to implement a plan of structural reforms aiming at effectively relaunching their process of economic growth in the new post-crisis scenario. The paper argues that three factors turn out to be particularly relevant: (i) vulnerabilities in public finance, especially in a number of Eurozone countries; (ii) the tendency towards widespread and growing  income inequalities threatening social cohesion and negatively affecting long-term economic growth; (iii) the persisting cyclical weakness of certain important areas of the European Union.


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Institute for International Economics
of the Genoa Chamber of Commerce


Istituto di Economia Internazionale
Camera di Commercio di Genova
Via Garibaldi, 4 (III piano) - 16124 Genova (Italy)
www.ge.camcom.gov.it