The current debate in Europe has pitted proponents of structural reforms (to make governments more efficient and the environment for enterprise more business-friendly) against those who see fiscal austerity as hurting rather than helping. The World Bank has just completed a comprehensive report on the European economic model. Its findings shed light on this debate. The report documents the achievements of the European growth model over the last 50 years. Accounting for the stresses it is experiencing and the longer-term challenges that Europe will face, the report evaluates the principal components of the model: Trade, Finance, Enterprise, Innovation, Labor, and Government. The discussion during the webinar will help participants identify the main adjustments needed to make European finance work better, to better facilitate enterprise in parts of Europe which have begun to lag, and to address the shortcomings of Europe's labor markets and governments.