Mariana Mazzucato on the role of the EIB in spurring Investment-led Growth

21/06/2012 by

Professor Mariana Mazzucato, of Sussex University, has produced pivotal research on the role that public financing plays in fostering not only investment but also competition. Here she is appearing on Bloomberg to explain the importance of the European Investment Bank as a potential driver of growth, innovation and competition in the European Union. She also supports the Modest Proposal’s proposal that 50% of investment projects ought to be funded by a net issue of ECB-bonds (with the remaining 50% to be financed normally via EIB-bonds). Note also her poignant point on how privatisation can diminish innovation; on the intense likelihood that Italy will be insolvent shortly, on the urgency with which Europe requires a gestalt shift. YOU CAN ALSO CLICK HERE FOR THE VIDEO

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