Comment Paper to Chapter “Europe’s Unresolved Crisis”



The motivation of this chapter is to explore the source of the current European fiscal crisis after the Lehman Shocks and the challenge is to present the solutions as long-term crisis prevention rather than short-term crisis prescriptions.


Member State Current Account Capital Inflow Current Account Deficit Unit Labor Cost 


  1. Bouis R, Duval R (2011) Raising the potential growth after the crisis: a quantitative assessment of the potential gains from various structural reforms in the OECD area and beyond. OECD economics department working papers, no. 835, Fig. 15, OECD Publishing, ParisGoogle Scholar

Copyright information

© Springer Japan 2013

Authors and Affiliations

  1. 1.Faculty of Business AdministrationToyo UniversityTokyoJapan

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