Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The European economic pattern of the 1980s of high unemployment and slow job creation in spite of overall economic growth, in contrast to the success of the United States at that time.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

Euro- +‎ sclerosis, by analogy with the medical condition.

Examples

  • European countries that have managed to break free of so-called Eurosclerosis — including Ireland, Iceland, Norway, several Eastern European nations and such areas as Scotland — have embraced the entrepreneurial system of low taxes, efficient regulation and flexible labor laws that underpin U.S. economic success.

    Unleash The Little Guys

  • Generous unemployment benefits in some European countries are widely believed to be one of the main causes of "Eurosclerosis," the persistent high unemployment that affects a number of European countries.

    Mirror, Mirror

  • Meanwhile, financial diseases like "Eurosclerosis" and "Asian flu" are crippling economies in Europe and Asia.

    Don't Look Down

  • It's the era of "Eurosclerosis" — a chronic malaise of anemic growth, high unemployment and a political class in deep denial about the continent's problems.

    Europeans Go Back To Work

  • The countries of the the EU are generally more taxed than us, resulting in the phenomena of Eurosclerosis.

    The Volokh Conspiracy » The Double Standard of Libertarian Paternalism

  • At the same time, though, I also expect the Romania of the future to succumb to Eurosclerosis, a demographically-driven fiscal imbalance, and worse.

    A Faustian Bargain: Romania and Bulgaria Join the EU, Bryan Caplan | EconLog | Library of Economics and Liberty

  • The United States doesn't have Eurosclerosis yet, but the Democratic Party does.

    The Only Policy Left: Growth

  • Across the Atlantic, Eurosclerosis is a term that has been heard for decades, describing persistently high rates of long-term unemployment in European labor markets caught in a vice between high - and long-duration benefits and high and progressive taxation on income from work.

    The Unemployment Dilemma

  • Europe, it seemed, was destined to decline, afflicted by “Eurosclerosis,” unable to engage the United States as an equal, and threatened by competition from Japan and other Asian countries.

    The Commanding Heights

  • Some seven or eight years ago, Europe was in a Eurosclerosis debate, feeling lost and overwhelmed by consumer products from Japan.

    Organizing for Global Growth

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