Brussels denies preparing for “Marshall Plan” to boost growth
Monday, April 30th, 2012 6:08:36 by Taimoor Tariq
Brussels denies preparing for “Marshall Plan” to boost growth
The European Commission has denied that they are preparing a kind of a Marshall Plan of 200 billion euros to boost growth in European Union
"The figures are not based on any reality" , said Pia Ahrenkilde , spokeswoman for the European Commission, during a press conference in Brussels.
The Spanish daily El Pais spoke Sunday about a kind of Marshall Plan for Europe-wide boost growth. It would be able to mobilize 200 billion of public and private investment for infrastructure projects, renewable energy and technology advancements.
A source close to the newspaper claims that this initiative includes several tracks already discussed for several months by the Europeans: large European loans (the project bonds ), an increased role of the European Investment Bank and the intervention
of the European Financial Stability Mechanism , an envelope managed by the European Commission and Collateralized Union budget.
Short URL: https://www.newspakistan.pk/?p=20970
Posted by Taimoor Tariq
on Apr 30 2012. Filed under Europe.
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