WhartonIn the Wake of the Latest ‘No’ Votes, Will Economic Growth in Europe Be a Go?

The reasons why voters in France and the Netherlands rejected the European Constitution a few weeks ago were many. But two overarching themes of the referendums were discontent and fear: discontent with politicians and their inability to revitalize the lagging economies of many EU countries, and fear of what the future may hold for people accustomed to secure jobs and generous social-welfare benefits.

[...] "In addition to Ireland and the U.K., which are really extremes in the European context, we find many countries trying out important reforms: Finland, Sweden, Denmark, Netherlands," according to Kogut. "Not surprisingly, France is beginning to discuss the Scandinavian model again, but this time, as a model for market reforms with social policies."

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