Shifting Europe from Austerity to Growth: A Proposed Investment Programme for 2012-2015
As economic performance has deteriorated in most European countries, EU public opinion and leaders have begun to stress with increased urgency the need for far greater emphasis on growth. Meaningful actions on a sufficient scale have however not yet been taken, although the recent approval by the European leaders of a similar pro-growth program to the one present here is encouraging. The purpose of the present note is to make specific proposals on how one key and successful EU institution, the European Investment Bank (EIB), can expand its lending significantly, in ways that will make a meaningful contribution to growth, particularly in the countries whose economies have suffered most from the sovereign debt crisis. We will also examine the role that EU Structural Funds can play on their own, and especially, as a complement to EIB lending, to further contribute to EU growth. One important advantage of our approach is that with fairly limited public resources, it can achieve a very large impact, due to the benefits of leverage.
Volume (Year): 1 (2012)
Issue (Month): 65-66 (September)
|Contact details of provider:|| Postal: |
Phone: (54-11) 4348-3582
Fax: (54-11) 4348-3794
Web page: http://www.bcra.gov.ar
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:bcr:ensayo:v:1:y:2012:i:65-66:p:107-127. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Federico Grillo)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.