False start for the juncker recovery proposals
The ‘Juncker Plan’ of November 2014 proposes to define investment criteria for a European Fund for Strategic Investments. This displaces that such investments are within the statutory remit of the EIF – the European Investment Fund – which is part of the European Investment Bank Group and, like the...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Coimbra University Press
2015-06-01
|
| Series: | Notas Económicas |
| Online Access: | https://impactum-journals.uc.pt/notaseconomicas/article/view/3098 |
| _version_ | 1811331056539795456 |
|---|---|
| author | Stuart Holland |
| author_facet | Stuart Holland |
| author_sort | Stuart Holland |
| collection | DOAJ |
| description | The ‘Juncker Plan’ of November 2014 proposes to define investment criteria for a European Fund for Strategic Investments. This displaces that such investments are within the statutory remit of the EIF – the European Investment Fund – which is part of the European Investment Bank Group and, like the EIB, can issue bonds that do not count on national debt. The BRICS are ready to invest in € bonds to promote European recovery since this is to mutual advantage in sustaining their trade. Rating agencies, pension funds and sovereign wealth funds want a European recovery. Nor are new investment criteria needed. They already were widely defined for the EIB Group by the 1994 Essen Council and in the 1997 Amsterdam Special Action Programme. A host of investment projects that already have planning approval can be jointly EIB-EIF financed and could achieve a Roosevelt style New Deal for Europe.
http://dx.doi.org/10.14195/2183‑203X_41_2 |
| first_indexed | 2024-04-13T16:13:08Z |
| format | Article |
| id | doaj.art-d3ffe7291b5a4431a9487346f93b8f06 |
| institution | Directory Open Access Journal |
| issn | 0872-4733 2183-203X |
| language | English |
| last_indexed | 2024-04-13T16:13:08Z |
| publishDate | 2015-06-01 |
| publisher | Coimbra University Press |
| record_format | Article |
| series | Notas Económicas |
| spelling | doaj.art-d3ffe7291b5a4431a9487346f93b8f062022-12-22T02:40:09ZengCoimbra University PressNotas Económicas0872-47332183-203X2015-06-014110.14195/2183-203X_41_1False start for the juncker recovery proposalsStuart Holland0Visiting Professor at FEUC, Portugal, and Senior Research Fellow of the Institute for Social and European Studies, Köszeg, HungaryThe ‘Juncker Plan’ of November 2014 proposes to define investment criteria for a European Fund for Strategic Investments. This displaces that such investments are within the statutory remit of the EIF – the European Investment Fund – which is part of the European Investment Bank Group and, like the EIB, can issue bonds that do not count on national debt. The BRICS are ready to invest in € bonds to promote European recovery since this is to mutual advantage in sustaining their trade. Rating agencies, pension funds and sovereign wealth funds want a European recovery. Nor are new investment criteria needed. They already were widely defined for the EIB Group by the 1994 Essen Council and in the 1997 Amsterdam Special Action Programme. A host of investment projects that already have planning approval can be jointly EIB-EIF financed and could achieve a Roosevelt style New Deal for Europe. http://dx.doi.org/10.14195/2183‑203X_41_2https://impactum-journals.uc.pt/notaseconomicas/article/view/3098 |
| spellingShingle | Stuart Holland False start for the juncker recovery proposals Notas Económicas |
| title | False start for the juncker recovery proposals |
| title_full | False start for the juncker recovery proposals |
| title_fullStr | False start for the juncker recovery proposals |
| title_full_unstemmed | False start for the juncker recovery proposals |
| title_short | False start for the juncker recovery proposals |
| title_sort | false start for the juncker recovery proposals |
| url | https://impactum-journals.uc.pt/notaseconomicas/article/view/3098 |
| work_keys_str_mv | AT stuartholland falsestartforthejunckerrecoveryproposals |