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1 janvier 2000
- ISIDORE Id: 10670/1.46001e...
- hal: hal-03458439
- SCIENCESPO: 2441/2530
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Thierry Latreille et al., « Financing Large-scale EU Infrastructure Projects », HAL SHS (Sciences de l’Homme et de la Société), ID : 10670/1.46001e...
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Résumé
This study discusses the proposal which consists of financing large-scale infrastructureinvestments by issuing EU bonds, first introduced by President Delors in his White Paper on“Growth, Competitiveness and Employment” in 1993. This proposal has been partlyimplemented insofar as the European Commission and the EIB have financed a number oflarge projects. But it is not considered as a major tool of European economic policy.Monetary policy is the major instrument of short and medium-run oriented strategies whilefiscal policy is mainly devoted to the reduction of public deficits and debts. From a morestructural point of view, European policies stress the liberalisation of product and labourmarkets over the last years. In the current context, shall the proposal on large-scaleinvestments be abandoned or shall it still be part of European strategy? (...).
