Four reasons the eurozone has lagged in the growth stakes

Over the last three years, the US has grown by almost 8%, while the euro area has produced hardly any growth at all. The UK has come out between the two, with growth of around 3%. Why? There are a variety of reasons. 1 Response to the banking crash One of the biggest contributors to the disappointing performance of the eurozone is the different approach it took to the US in response to the banking crash of the last decade. Where the US took strong and prompt action, allowing some bankruptcies and requiring capital strengthening early on, the eurozone authorities denied they had a pr...