The socio-economic model of continental Europe seems to win over the Anglo-Saxon one during the current crisis (at least according to the British «The Economist»).
But one should also wonder if and to what extent figures show that this would-be victory is really taking place. Is this a completely unexpected result? Is it in line with economic literature or a new discovery in economics?
The Policy Brief analyses the functioning of these two competing models during the crisis and highlights their advantages and shortcomings to cope with the postcrisis era. A mid-way solution between them would represent a successful response but only if it could be included in the framework of the European Union. The EU seems the ideal and inevitable place to find a compromise but the sensitiveness of the future competences and powers to be handed over to the EU and the growing differences in the political space of the enlarged Europe are challenging this view.
Is it possible to find a “second best” solution not necessarily including the entire EU but – at least in the short-medium run – a part of it?