Mit dem großen Hebel für mehr Investitionen: ökonomische Bewertung des Juncker-Plans

Matthias Diermeier () and Michael Hüther ()

Wirtschaftsdienst, 2015, vol. 95, issue 5, 334-341

Abstract: The global financial and economic crisis has starkly unsettled private investors. An investment plan recently initiated by the president of the EU Commission, Jean-Claude Juncker, is supposed to bring private investors back into the market. Through the assumption of partial risk, the investment plan targets a leverage ratio of 15, multiplying the fund’s 21 billion euro equity with private investments. The authors question the Commission’s economic reasoning behind the initiative. In fact, investors’ uncertainties seem to accurately reflect market risks rather than indicating a market failure. The investment plan’s motivation is based on erroneous economic reasoning. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2015

Keywords: E22; E61; E62 (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s10273-015-1828-5

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