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Extracts from the press conference with Michel Barnier on the Green Paper on long-term financing of the European Economy

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On 25 March 2013, Michel Barnier, Member of the EC in charge of Internal Market and Services, gave a press conference at the European Commission in Brussels. On this occasion, he announced the adoption by the European Commission of a Green Paper that launches a three-month public consultation on how to foster the supply of long-term financing and how to improve and diversify the system of financial intermediation for long-term investment in Europe. Long-term investment represents spending that enhances the productive capacity of the economy. This can include energy, transport and communication infrastructures, industrial and service facilities, climate change and eco-innovation technologies, as well as education and research and development. Europe faces large-scale long-term investment needs, which are crucial to support sustainable growth.
SHOTLIST INFO PRESS MEMO

Type: Summary of press conference   Reference: I-077089   Date: 25/03/2013   Duration: 03:26   Personalities: Michel Barnier   Location: Brussels - EC/Berlaymont  
Languages: ORIGINAL,

Tags: Cyprus , Financial crisis , Funding , Growth , Investment , Savings taxation
© European Union, 2013   /   Source: EC - Audiovisual Service
Director: Elaine Codogno
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