European Investment Stabilisation Function (EISF)
The idea behind the Commission's proposed European Investment Stabilisation Function is to use dedicated financial means from the EU budget to help Member States stabilise their economies in the event of a major asymmetric shock. The Commission would borrow on the financial markets and then lend to the country concerned, which would use the money to finance public investment. Once the crisis was over, the Member State would reimburse the debt. The Commission hopes the other Member States would agree to subsidise the interest payments incurred. The function would be limited to euro-area countries, but those that have entered the exchange rate mechanism II (ERM II) might also benefit. The lending would be quasi automatic once statistical data showed an exceptional and steep rise in unemployment. The dossier has met with considerable opposition at Council level.
Briefing
À propos de ce document
Type de publication
Auteur
Mot-clé
- aide de l'UE
- aide financière
- cohésion économique et sociale
- construction européenne
- coordination des politiques UEM
- documentation
- droit de l'Union européenne
- Eurogroupe (zone euro)
- FINANCES
- finances publiques
- finances publiques et politique budgétaire
- investissement de l'UE
- investissement et financement
- investissement public
- politique de coopération
- politique économique
- proposition (UE)
- rapport
- RELATIONS INTERNATIONALES
- relations monétaires
- situation économique
- stabilisation économique
- UNION EUROPÉENNE
- ÉCONOMIE
- économie monétaire
- ÉDUCATION ET COMMUNICATION