The current example of the United States shows that it is not difficult to maintain growth at the level of potential growth once full employment has been reached; but is it a good idea?
The example of the United States shows that all it takes to keep growth at the level of potential growth once full employment has been reached is to conduct active, demand-stimulating fiscal and monetary policies. Europe could obviously conduct the same policy. But is it a good idea? There are obvious risks associated with this policy: the inability to react to an unexpected negative shock ; growing financial imbalances. It is a choice that reveals a strong preference for the present.