[chewz]

800 billion euro per year and that on top of other needs like green initiatives. How are they going to finance such investments? EU banks don’t have capital and foreign borrowers will ask steep rates which will impact European borrowing costs and extinguish economic activity even more.

The simple truth is Europe cannot afford such programs.

[agilob]

> How are they going to finance such investments?

Well, half joking here.. there probably will be a new green initiative to decarbonise IT. New tax money will pay for a new IT hub in Germany or France, where companies will stay for as long as EU pays their rent and gives tax incentives. After that, they will move out.

[niemandhier]

Numbers without scale are difficult to interpret: 800 billion are twice the German yearly budget or equal the American military budget.

So a lot, but far from insane.

[rabblesouser]

"First, integrating Europe's capital markets to better channel high household savings towards productive investments in the EU will be essential. Second, the more willing the EU is to reform itself to generate an increase in productivity, the easier it will be for the public sector to support the investment drive."

Ahuh.. so they are going to force "investment" from european households.. Read into that what you will..

Also talking about decarbonisation and militarization in the same breath.. just utter opposite ends of the spectrum.

The EU is schizophrenic at the best of times.. but this is absurdum ad nauseum

[corford]

Read the report? High level: removing policy & procurement fragmentation, boosting standardisation, completing the single market, creating a capital markets union, pruning back regulation and introducing euro bonds