What public stimulus at EU level ?

Carole ULMER Director of Studies, Confrontations Europe [vc_btn title= »Download the article » style= »outline » color= »blue » align= »right » i_icon_fontawesome= »fa fa-file-pdf-o » add_icon= »true » link= »url:http%3A%2F%2Fprod.confrontations.org%2Fwp-content%2Fuploads%2F2016%2F03%2FRevue-107-Confrontations-Europe-Investment-p33.pdf||target:%20_blank »] The idea of developing an EU public investment strategy is back on the agenda. Carole Ulmer reports on current developments. It has been several years now since the European Commission and the European Investment Bank (EIB) began to change their approach to budget management. According to Henry Marty-Gauquié, who represents the EIB Group in Paris, a “silent revolution” took place in 2007 with the establishment of the EU’s 2007-2013 multiannual financial framework, which marked the beginning of a gradual shift in the European budget from a “culture based on subsidies to one based on economic investment.” This is evidenced by the introduction of various new financial instruments (such as risk sharing, guarantees, equity and project bonds), allowing for the use of European public funds to leverage private investment in European added- value