European Union President calls for frank debate on growth
The President of the European Union Herman Van Rompuy has today called for a "no taboos" debate on how to boost growth and create jobs.
Van Rompuy has confirmed that EU leaders will lay the foundations for a new growth strategy at a summit on Wednesday.
One proposal coming to the table is the introduction of "project bonds" towards targeted investment.
It is understood that a pilot phase amounting to just €230m will be mooted, but its expected the project could attract top-up lending from the European Investment Bank and the private sector.
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