The new government has set an ambitious course of economic and social reforms. Much progress has already been made. Yet productivity remains insufficient and more needs to be done to strengthen institutions.“
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After the crisis, Belgium needs to reduce public debt and secure fiscal sustainability via reforms to increase the internationally low effective retirement age, boost cost-efficiency in healthcare, and better utilise transport infrastructures.
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To escape from its low-growth trap, Italy needs fiscal consolidation and structural reform: fewer but better-quality laws, efficient public administration and civil justice, reduced incentives and opportunites for corruption or organised crime.
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