Bericht
A European fund for economic revival in crisis countries
Significant volumes of Structural and Cohesion Funds have been pre-allocated but remain undisbursed or uncommitted. In Portugal, unused funds amount to 9.3 percent of GDP, in Greece close to 7 percent, and in central and eastern European countries about 15 percent. These funds should be part of a temporary European Fund for Economic Revival (EFER) for 2011-13, which would promote economic growth in crisis-hit countries and facilitate structural reforms. For countries under financial assistance in particular, the European Commission has a role to play in identifying the right objectives for which the funds should be used. The Commission could decide to manage the funds directly with the support of an executive agency. Greater efforts should be made to exploit synergies between EU grants and European Investment Bank loans, allowing EIB loans to finance the total costs of a project or programme in small countries, and leveraging the whole EU budget to attract private investment.
- Language
-
Englisch
- Bibliographic citation
-
Series: Bruegel Policy Contribution ; No. 2011/01
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Marzinotto, Benedicta
- Event
-
Veröffentlichung
- (who)
-
Bruegel
- (where)
-
Brussels
- (when)
-
2011
- Handle
- Last update
- 10.03.2025, 11:44 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Marzinotto, Benedicta
- Bruegel
Time of origin
- 2011
Other Objects (12)
Income convergence during the crisis: did EU funds provide a buffer?
The International Monetary Fund's role in the euro-area crisis: Financial sector aspects
The EU's role in supporting crisis-hit countries in Central and Eastern Europe
Will the crisis trigger a revival of the IMF? Note based on remarks prepared for a panel organised by the Per Jacobsson Foundation in Washington, DC, on 12 October 2008
The monetary mechanics of the crisis
Beyond the crisis: Prospects for emerging Europe
Oberpolizeiliche Vorschriften vom 7. April 1897 über die Fleischbeschau für den Regierungsbezirk Mittelfranken
The Euro crisis and the new impossible trinity
What happened to global banking after the crisis?
Testimony on the European debt and financial crisis
Financial reform after the crisis: An early assessment
The Euro crisis: Ten roots, but fewer solutions
Income convergence during the crisis: did EU funds provide a buffer?
The International Monetary Fund's role in the euro-area crisis: Financial sector aspects
The EU's role in supporting crisis-hit countries in Central and Eastern Europe
Will the crisis trigger a revival of the IMF? Note based on remarks prepared for a panel organised by the Per Jacobsson Foundation in Washington, DC, on 12 October 2008
The monetary mechanics of the crisis
Beyond the crisis: Prospects for emerging Europe
Oberpolizeiliche Vorschriften vom 7. April 1897 über die Fleischbeschau für den Regierungsbezirk Mittelfranken
The Euro crisis and the new impossible trinity
What happened to global banking after the crisis?
Testimony on the European debt and financial crisis
Financial reform after the crisis: An early assessment
The Euro crisis: Ten roots, but fewer solutions
Income convergence during the crisis: did EU funds provide a buffer?
The International Monetary Fund's role in the euro-area crisis: Financial sector aspects
The EU's role in supporting crisis-hit countries in Central and Eastern Europe
Will the crisis trigger a revival of the IMF? Note based on remarks prepared for a panel organised by the Per Jacobsson Foundation in Washington, DC, on 12 October 2008
The monetary mechanics of the crisis
Beyond the crisis: Prospects for emerging Europe
Oberpolizeiliche Vorschriften vom 7. April 1897 über die Fleischbeschau für den Regierungsbezirk Mittelfranken
The Euro crisis and the new impossible trinity
What happened to global banking after the crisis?
Testimony on the European debt and financial crisis
Financial reform after the crisis: An early assessment