S&P Global Ratings: Europe’s Investment Plan
March 21, 2017
After a quick start and some notable results after its second year in operation, the European Fund for Strategic Investments (EFSI) should be able to meet its initial goal as new products are added and its capacity enlarged, according to a report by S&P Global Ratings. Economic conditions in Europe have improved substantially over the past two years, although the picture is mixed across the countries. Higher investment is still needed to lift potential growth in all European economies and address deficient demand in countries on the eurozone periphery. S&P believes that more action is needed to foster private-sector financing, which is one aim of the plan. Other challenges, like additionality and geographical coverage, are on the EFSI’s radar, for its next version.