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An Agenda for a Growing EuropeThe Sapir Report$
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André Sapir, Philippe Aghion, Giuseppe Bertola, Martin Hellwig, Jean Pisani-Ferry, Dariusz Rosati, José Viñals, Helen Wallace, Marco Buti, Mario Nava, and Peter M. Smith

Print publication date: 2004

Print ISBN-13: 9780199271481

Published to Oxford Scholarship Online: July 2005

DOI: 10.1093/0199271488.001.0001

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Is the European model sustainable?

Is the European model sustainable?

Chapter:
(p.115) 7 Is the European model sustainable?
Source:
An Agenda for a Growing Europe
Author(s):

André Sapir (Contributor Webpage)

Philippe Aghion (Contributor Webpage)

Giuseppe Bertola

Martin Hellwig (Contributor Webpage)

Jean Pisani-Ferry (Contributor Webpage)

Dariusz Rosati

José Viñals

Helen Wallace

Marco Buti

Mario Nava

Peter M. Smith

Publisher:
Oxford University Press
DOI:10.1093/0199271488.003.0007

The sustainability of the European model has become more uncertain. Low growth rates and high unemployment rates have strained public finances, which is incompatible with the fiscal rectitude required by a growing Trends in demography, technology, and globalisation; and the inability to establish a new social contract have prevented Europe from preserving the unprecedented growth achieved during the trente glorieuses — the thirty years between 1945 and 1975. These trends are expected to increase the demands for social protection, further threatening the sustainability of the European model.

Keywords:   European model, economic growth, sustainability, demography, technology, globalisation

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