Half-way to lost decade, Europe’s growth task as tough as ever

Half-way towards a lost decade for Europe’s economy, pessimism persists about the political will to halt a worrying slide in the region’s potential growth.

Without sweeping reforms to boost productivity, Europe’s output will remain sub-par, making it harder for governments to reduce debt burdens that are unsustainable financially and unemployment rates that are unsustainable socially.

Leaders of the 27-nation bloc will have another chance to cut this Gordian knot at a summit in Brussels next week.

via Business feed http://www.scmp.com/business/economy/article/1265686/half-way-lost-decade-europes-growth-task-tough-ever