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 This entry was posted by David Keohane on Thursday, May 3rd, 2012 at 13:50 and is filed under Capital markets. Tagged with economics, eurozone, reform.