Eurosclerosis (German: Eurosklerose) is a term coined by German economist Herbert Giersch in the 1970s, to describe a pattern of economic stagnation in Europe that was alleged to have resulted from government over-regulation and overly generous social benefits policies. The term alludes to the medical term sclerosis, and is a rhyme of the archaic term neurosclerosis.
Eurosclerosis (German: Eurosklerose) is a term coined by German economist Herbert Giersch in the 1970s, to describe a pattern of economic stagnation in Europe that was alleged to have resulted from government over-regulation and overly generous social benefits policies. The term alludes to the medical term sclerosis, and is a rhyme of the archaic term neurosclerosis.
Source: Wikipedia "Eurosclerosis" · CC BY-SA 4.0
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