Faith in the “Anglo-Saxon” model, charted | FT Alphaville

Faith in the “Anglo-Saxon” model, charted

This is from Morgan Stanley’s Joachim Fels and Elga Bartsch:

They argue, based on recent OECD research, that a well-designed set of product market liberalisation and labour market reforms could boost GDP per capita by about 15 per cent over a 10-year horizon in many eurozone countries.

Essentially, it’s the “faster firing = faster hiring” argument and it’s apparently one necessary step on the road to the next European Renaissance (maybe someone should have told Mr Sarkozy sooner?):

Unfortunately, staggering on seems the most likely outcome right now.

Related link:
Core infection and eurozone PMIs – FT Alphaville