[Ferdinando Giugliano] For Europe, infrastructure is the wrong priority
May 31, 2017
For the past two decades, the EU has grappled with a productivity slowdown that has kept wages and economic growth in check. Politicians are increasingly mentioning infrastructure as a possible solution: The hope is that building more roads and better bridges can help companies improve efficiency and re-start growth.However, while infrastructure may indeed provide a much-needed stimulus to Europe’s economies, it isn’t the reason why the EU has fallen behind the US in terms of productivity growth