Peter Gallagher

Mar­tin Wolf note some use­ful “don’ts” for growth poli­cies iden­ti­fied by the Com­mis­sion:

“Par­tic­u­larly wel­come is the short list of poli­cies to be avoided. Among them are: sub­si­dis­ing energy (par­tic­u­larly rel­e­vant today); using the civil ser­vice as employer of last resort; reduc­ing fis­cal deficits by cut­ting spend­ing on infra­struc­ture; pro­vid­ing open-ended pro­tec­tion to spe­cific sec­tors; using price con­trols as a way to curb infla­tion; ban­ning exports, to keep domes­tic prices low; under­in­vest­ing in urban infra­struc­ture; under­pay­ing pub­lic ser­vants, such as teach­ers; and allow­ing the exchange rate to appre­ci­ate too far, too quickly”  extract from: Mar­tin Wolf—Financial Times