London (CNN Business)Europe just endured one decade of economic stagnation. If it doesn’t act soon, it could face another.
Ten years after the global financial crisis, Europe’s economy has achieved a recovery, but not a revival. Low inflation, low interest rates and low growth have become the new normal.
Europe’s malaise could have dangerous ripple effects. Another wasted decade would deepen the growing divide between urban and rural Europe, deprive more young people of work and feed political instability.
