European Union President calls for frank debate on growth

European Union President calls for frank debate on growth

The President of the European Union Herman Van Rompuy has today called for a "no taboos" debate on how to boost growth and create jobs.

Van Rompuy has confirmed that EU leaders will lay the foundations for a new growth strategy at a summit on Wednesday.

One proposal coming to the table is the introduction of "project bonds" towards targeted investment.

It is understood that a pilot phase amounting to just €230m will be mooted, but its expected the project could attract top-up lending from the European Investment Bank and the private sector.

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