Marc De Vos recognizes the need to counter the effects of necessary austerity measures, but warns that a period of limited growth is as good as unavoidable. Stringent budgetary targets are necessary to make growth durable again.
Government policy targets the price and volume of medicine use to cut healthcare spending. In this analysis, Itinera examines the need and potential for such reforms, what are the advantages and disadvantages, and how to proceed further.
Government policy targets the price and volume of medicine use to cut healthcare spending. In this analysis, Itinera examines the need and potential for such reforms, what are the advantages and disadvantages, and how to proceed further.
Policy makers need to bury the Greenspan doctrine that says it would be impossible to identify bubbles and one can only clean up after bubbles burst. The currency union needs macroprudential policy to fight excesses.
Spain is too big to be saved from outside. The reforms the country needs are deep and will take time to be effective.
Marc De Vos argues that the Olive-zone of Euro-land is trapped in a depressionary spiral. Austerity and reform are necessary but need to be complemented with a European investment plan. Failing to do so will moreover polarize elections beyond control.
This analysis discusses some cases in the Belgian healthcare system.
