What Europe's economy needs is a good shove - not a gentle push
Published 07/04/2016 | 02:30
I am tapping this column out from a European Commission building in Brussels. Jean-Claude Juncker, the president of the commission, is hosting a session on his €315bn investment plan designed to snap the continent out of its economic torpor.
Europe's economy badly needs a shove, and a big one at that: its plodding recovery over the past couple of years has been very slow in making an impression on many of the problems the continent is facing - from excessive unemployment to excessive debt.
Does Juncker's plan amount to a big shove? No. It is a small shove and one that is too gentle because it is spread (necessarily, perhaps) over a long period.