Economic data
‘The best on Earth’: Can weak economic growth undermine Europe’s ‘very sophisticated social system’?
Can Europe continue to sustain one of the world's most ambitious social models while falling increasingly behind its major economic competitors? For Pascal Lamy, former European Commissioner for Trade and former Director-General of the World Trade Organization, this question lies at the heart of the continent's mounting economic and political tensions. Lamy looks beyond the immediate turmoil in France to identify a deeper European predicament: a widening disconnect between the continent's social commitments and its capacity to generate the economic growth needed to sustain them.