1 WP-EMS Working Papers Series in Economics, Mathematics and Statistics WILL EUROPE’S INDUSTRY SURVIVE THE CRISIS? COMPETITIVENESS, EMPLOYMENT AND THE NEED FOR AN INDUSTRIAL POLICY  Valeria Cirillo (Department of Statistical Sciences, Sapienza University of Rome)  Dario Guarascio (Sapienza University of Rome)  Mario Pianta (Department of Economics, Society and Politics, University of Urbino) WP-EMS # 2014/08 ISSN 1974-4110 (on line edition) ISSN 1594-7645 (print edition)