Barnier supports European growth initiative

04/30/2012 | Reuters

Michel Barnier, the EU's internal-market commissioner, voiced support for an economic-growth pact, which would complement the region's austerity push. "I am advocating that we prepare a European growth initiative in addition to the agreements on budget discipline," Barnier told a German newspaper. He said the initiative would include "project bonds" to finance infrastructure, use of EU structural funds and increased funding for the European Investment Bank.

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