The EU, European Union is out and about trying to find ways to get billions of euros into it’s lethargic economic situation without going into greater trouble regarding debt and other detrimental actions.
They want to get the money to handle the European capital market to a huge investment fund.
Europe is in dire straits as it fights to recover from the horrid economic crisis in the last 100 years. The Finance Ministers EU Commission, EU executive, and EIB or Eurpean Investment bank has to go back to the drawing board and come up with a solution that would create growth and figure out a way to finance and mange them.
The Italian Economy Minister Pier Carlo Padoan expressed concern and mentioned the directive they have given the EIB to come oup with practical measure that can turn into profitable ones. In general.
It will be in Luxembourg in October that the ministers will get together for a meeting. No one knows what projects the EIB or any of those charged with solving this problem are going to do. There are a lot of ideas for financing these new programs but only a few have been discussed. New financing for tools for companies, boosting private investments, creating a joint EU fund worth 700 billion euros and having the European Commission President Jean-Claude Juncker to dish our a 300 billion euro investment program to kick start the European economy. Even resurrecting a market for asset backed securities would be another suggestion.