More and more, #European officials are coming around to the idea that inventive fiscal #policy measures are required to aid the region’s growth prospects: indeed, there are news reports of a prospective sovereign wealth fund being considered by the Netherlands.
These news reports suggest that such a fund could raise billions of #euros to invest in public transportation and #infrastructure, more traditionally, and in scientific research and technological innovation (#AI), with an eye toward spurring growth and productivity.
As we have argued many times, this kind of proactive policy thinking is precisely what the #Eurozone requires, rather than merely pushing interest rates further into negative territory, which ultimately results in some quite negative consequences for an #economy.
Even more broadly; a report of a possible “European Future Fund” with the potential to invest more than $100 billion in strategic corporate #equity stakes, designed to propel #Europe forward in the tech arena, to better compete with the U.S. and China: politi.co/2L8iMmi
These are interesting ideas. For our part, we argue that anemic growth in #Europe is a longstanding problem that today requires a bold solution, and the #ECB can offer potentially effective, if unconventional, help: bit.ly/2K2WUd0
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