Milan
9 October 2009
Jump-starting economic growth
The participants at this talk and debate session were reminded that the main priority on the economic agenda of Western countries is the immediate promotion of sustainable recovery. The fact that there are 22 million unemployed people in Europe is indicative of the social hardship caused by the recession. Linked to this surplus production capacity is a reduced ability to use leveraging (the very mechanism that induced “euphoria” within the economic system thereby triggering the crisis).