The case for using public investment to boost growth in the Eurozone is overwhelming

Growth in the Eurozone has stagnated recently, generating fears that Europe could be heading toward another economic crisis. Harald Sander writes on three explanations for the lack of a recovery in the Eurozone. He argues that the focus on balancing budgets and pursuing structural reforms has clearly failed to revive Eurozone economies and that a large public investment initiative offers the most logical solution under the present circumstances.