The European Fund for Strategic Investments as a response to the EU's disinvestment crisis: an assessment of the Juncker Investment Plan

Ioannis Papadopoulos

International Journal of Diplomacy and Economy, 2016, vol. 3, issue 2, 112-130

Abstract: The Juncker Investment Plan is the response to the EU disinvestment crisis. This paper is structured around three axes of the Plan: its political dimension, its financial aspect, and its investment aspect, and replies to the following questions: Will the Plan's efforts of crowding in private investments work in times of austerity? Is the Plan's democratic accountability sufficiently developed? Do we need sanctuarisation of resources from other EU programmes that will provide the Plan's initial funding basis? Can we count on an additionality effect of the Plan, or will we witness a crowding out effect of private capitals instead? Should there be a geographic allocation of investment funds? Should there be a social economy aspect in the Plan? How can we optimally combine the Plan with the fiscal strictures of the Stability and Growth Pact? This paper argues that the Juncker Investment Plan is a welcome but probably insufficient initiative.

Keywords: European Fund for Strategic Investments; European Union; Juncker Investment Plan; EU disinvestment crisis; European Investment Bank; risk-bearing capacity; European structural and investment funds; additionality effect; risk management; Stability and Growth Pact; golden rule; fiscal stimulus; private investment; austerity; democratic accountability. (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=81213 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijdipe:v:3:y:2016:i:2:p:112-130

Access Statistics for this article

More articles in International Journal of Diplomacy and Economy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().