1. Europe’s Economic Past and Future
Barry Eichengreen
University of California, Berkeley
February 28, 2007

2. GDP per capita and per hour, 1913-2003
1913
1929
1938
1950
1973 03
GDP per capita as percentage of U.S. levels
France 66 68 73 55 79
Germany 69 59 82 41 72 64
Italy 48 45 54 37
United Kingdom 93 80
102
EU-15 average as % of United States 57 47 65
GDP per hour as percentage of U.S. levels 56
n.a. 46 74
111
Germany a 32 98 42 35 78
100 84 63 60 83
EU-15 average b 61 44 71 94

3. The Starting Point and Growth, 1950-73
Andrea Boltho (1981), The European Economy: Growth and Crisis, (Oxford University Press) p.31.

4. Europe’s Golden Age
Nicholas Crafts and Gianni Toniolo, “Postwar Growth: An Overview,” in Crafts and Toniolo, Economic Performance in Europe Since 1945, p 2.