The uncertain investment plan
The uncertain investment plan The leaked investment plan—With investment trending down in the euro area (Guntram Wolff), the Juncker’s forthcoming €300bn investment program, called “Invest in Europe,” is gathering a lot of attention. Details are emerging. The FT (hat-tip EuroIntelligence) describes it as a massive collateralized debt obligation, with a built-in leverage factor of 10, […]