Italy, which currently holds the rotating presidency of the European Union, is keen to re-launch debate on long-term "project bonds" to finance infrastructure projects, Finance Minister Pier Carlo Padoan told French business daily Les Echos.
The use of one of Europe’s first project bonds to help finance a gas storage plant off Spain’s coast has run into trouble. This does not bode well for the future use of such bonds, or the types of project that they are being used to finance, write Elena Gerebizza and Xavier Sol.
The building of a large offshore submarine gas storage facility in Spain has been halted due to earthquakes detected in the area. The so-called Castor Project is the first in Europe to issue ‘project bonds’ for a total of €1.4 billion.
A large offshore submarine gas storage facility in Spain was the first in Europe to issue ‘project bonds’ for a total of €1.4 billion, three years after the idea was launched by European Commission President José Manuel Barroso.
European Commission President José Manuel Barroso has said he will propose a roadmap and "calendar" for more European integration at the next summit of EU leaders on 28-29 June, without discarding the possibility of a treaty change aimed at injecting more federalism into the Union.
In the absence of an agreement for launching Eurobonds, the EU institutions agreed yesterday (22 May) to launch the first ‘project bonds’ as a pilot project to boost investment in energy, transport and the digital economy.
Aiming to re-launch growth and job creation, European Commission President José Manuel Barroso unveiled yesterday (19 October) a proposal to raise €50 billion for projects in the transport, energy and telecoms sector, using so-called "project bonds".
European Commission proposals to introduce project bonds are beset by deficiencies and shrouded in commercial secrecy, write Isabella Besedova of the CEE Bankwatch Network in an exclusive op-ed for EURACTIV.
EU plans to create a market for project bonds to cover the €2 trillion of investment needed to upgrade the bloc's infrastructure by the end of the decade have received a positive evaluation from credit rating agency Fitch, but are unlikely to secure a top rating.
European Commission President José Manuel Barroso pledged yesterday (14 December) he would "insist" on tabling plans to introduce EU project bonds to fund infrastructure in Europe, as an alternative to the controversial idea of eurobonds.
As Europe mulls measures to tackle the worst economic crisis to hit the continent since 1929, the idea of issuing EU bonds to fund key projects and ultimately create new jobs is gathering momentum and spurring debate.