A reduction in European over-consumption will be undone by any Eurozone solution

There is growing global support for growth policies in the Eurozone, Edward Price argues. That growth agenda will however be balanced against the problem of European overconsumption, which has created an imbalance in the world economy. The Eurozone crisis may have a short-term positive effect in this regard, but any growth-led solution to the crisis will likely undo any good work.