Paul De Grauwe on the European Growth Agenda

Partially disappointing: the role of aggregate demand restricted to the short period; the crisis seen as a cyclical crisis and not something more profound; less protection to old workers would help the creation of job opportunities for the young. Like Krugman, prof. De Grauwe has, on the one hand, very sensible positions about the crisis, but does not break, on the other, with mainstream economics. Nonetheless he, better than others, foresaw the European crisis as a balance of payment crisis in 1998, as I do document in this post:
http://politicaeconomiablog.blogspot.it/2012/05/de-grauwe-moment-impressively-prescient.html
Hope SEJ will involve in its initiative on growth a number of non-mainstream economist. The main difference between mainstream and heterodx economists is that the former believe that aggregated demand is relevant only in the short period, while the latter believe that AD is the driver of growth also in the long run (this does not imply a neglect of the supply side, although again in a non-neoclassical way)