Financing Long-Term Europe: a Common Agenda for Reforms, Investment and Growth

At the end of 2014, "finance for growth" emerged as the key of a new phase in economic policy making in Europe. Two years on, after a tepid and murky recovery of the global, and the European economy, tainted by fragility and growing uncertainty, "finance for growth" appears an elusive concept. To a great extent, it represents a missed opportunity. What went wrong? What obstacles were found? and why it has raised perplexity and disappointment? The concept therefore must be reviewed, refocused and as appropriate amended. The papers collected in this volume aim at this reconsideration and renovation. From a variety of points of view and experience, both national and international, European and global, the papers converge in indicating that both a re-affirmation and a re-calibration of the basic concepts of "finance for growth" are needed.