EU Uses Hollande’s Victory, Greek Tumult to Preach Growth
This article is for subscribers only.
The European Commission appealed for pro-growth policies after France’s first power shift to a Socialist president since 1981 and Greece’s electoral rebellion against austerity busted the budget-cutting consensus that has dominated the response to the debt crisis.
The commission refloated proposals including a 10 billion-euro ($13 billion) capital increase for the European Union’s in-house investment bank and the use of EU guarantees for private bond issues to finance transport and construction projects.