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Pier Carlo Padoan: Europe Needs Reforms For Inclusive Growth. Do Europeans Agree?

The debate about the economic governance of the European Union and of the Eurozone is concentrated on issues related to EMU reform, Banking Union and Capital Market Union. This reflects the fact that the crisis has highlighted the incomplete nature of institutions supporting the Economic and Monetary Union.

Such a policy agenda is obviously very relevant but it is incomplete. It must be complemented by a parallel agenda targeted at strengthening the growth potential of the European economy. Such a growth potential should be rich in jobs and inclusive, i.e. such as to maximize the diffusion of the benefits of growth so as to generate, in addition to economic efficiency, social cohesion and support to its implementation.