Policy Brief

Sep 09, 2013

Investing Our Way Out of the Crisis?

The debate over how public investment banks in Europe can promote growth

The controversy over fiscal multipliers has sparked a new debate on the negative effects of austerity measures and a discussion of the need for more public spending in Europe. In this context, the idea of increased investment financing through public investment banks has gained momentum. The authors see a strong role for such banks: The European Investment Bank, they say, is well suited to fill the existing investment gap through favorable loans, particularly to small & medium sized enterprises.


Bibliographic data

DGAPkompakt 4, September 9, 2013, 6 pp.

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