| Jean Pisani-Ferry: Europe must intervene to get Greece growing |
| European leaders have called for a comprehensive strategy for growth and investment in Greece and a task force will be appointed to set out the details of how European Union structural funds could be used to that end. We had floated such ideas in February. Here is what the EU should do. Money is available in substantial amounts. According to our calculations, Greece still has more than €12bn in unused structural funds, which could be used to leverage loans from the European Investment Bank, potentially increasing the funds available over the next two to three years to €16bn. This, equivalent to 7 per cent of Greece’s gross domestic product, would not involve any additional transfer to Greece beyond what has been already allocated to it in the EU budget. http://link.ft.com/r/FG6LAA/ |
Reflections from news and commentary of the day
Subscribe To
Posts
Comments
Wednesday, July 27, 2011
Jean Pisani-Ferry: Europe must intervene to get Greece growing
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment