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Public Debt

The economic potential of the ten-point Juncker Plan for growth without debt

Date of Editorial Board meeting: 
Publication date: 
Tuesday, December 9, 2014
Abstract in English: 
These guidelines correspond to a significant degree to policy priorities established by the Members of the European Parliament during the seventh parliamentary term through a large number of reports and resolutions which received broad support in the plenary. President Juncker's ten points are also broadly in line with several of the objectives set out in the 'Strategic Agenda for the Union in Times of Change', adopted in the European Council in June 2014 when it proposed Mr Juncker to the Parliament as its candidate for President of the Commission.
The potential economic benefits of new European-level action may be measured in terms of additional gross domestic product (GDP) generated or in savings in (current or potential) public expenditure or other expenditure, through a more efficient allocation of resources in the economy as a whole.
The analysis set out in this document suggests that there could be very significant economic gains of these kinds, amounting in time to a maximum achievable potential gain of approximately €1.7 trillion per year, on the basis that Mr Juncker's ten priorities were to be fully implemented in a form consistent with various policy requests made to date by the Parliament.
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84
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