Getting Investment in Europe Right
The European Commission’s new president, Jean-Claude Juncker, has put public investment back on the agenda with his idea of a three-year €300 billion capital spending plan. But, behind the superficial consensus that more investment would help to strengthen a worryingly feeble European economy, many questions remain unanswered.
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PARIS – The European Commission’s new president, Jean-Claude Juncker, has put public investment back on the agenda with his idea of a three-year €300 billion ($378 billion) capital spending plan. The European Union’s leaders are expected to discuss his proposal in December. Everyone seems to agree that more investment would help to strengthen a worryingly feeble European economy. But, behind the superficial consensus, many questions remain unanswered.