European Renaissance: July 1, 2005


Photo Rx for Europe's economy: Hungary's Gyurcsany
G8 leaders looking for ways to revive Old Europe's sick economy could do worse than to consider the stagflation remedy offered up by Hungarian Prime Minister Ferenc Gyurcsany: tax rate cuts, a modest easing of monetary policy, and spending restraint. As part of a series on building an EU Renaissance, Tocqueville's Gregory Fossedal issues a timely report here.