This is an outstanding must read article with powerful schematic overview.
via The economic potential of the ten-point Juncker Plan for growth without debt | European Parliamentary Research Service.
The paper quotes a € 1.4 trillion potential gain on an annual recurrent basis. By anybody’s standards, this is serious money and deserves proper attention. I commend the initiative.
Personally, I would like to see publication of bottom-up costings for each of the ten points, and an independent risk assessment with effective mitigating actions identified.
As Dr Alf says this is impressive and deserves proper attention, plus bottom up costings and independent risk assessment plus mitigation.
All that said, the hard bit is going to be getting this to happen in those European economies which do not run with Teutonic efficiency and which lack the directors of businesses capable of delivering export led growth in sufficient quantity.
This is not going to be achieved in the home markets of Europe or from adjacent countries like Norway, so there will have to be a concerted effort to develop language skills quickly, increase export salesperson numbers and improve the rate of successful new business start-ups in areas where export led growth is possible.
I hope it works but the EU’s record over the last 30 years does not inspire confidence.