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Shifting Europe from Austerity to Growth

A proposed investment programme for 2012-2015

Lars Andersen, Stephany Griffith-Jones, Signe Hansen, Matthias Kollatz-Ahnen

Paper  677kb pdf

This working paper was co-authored by IPD's Stephany Griffith-Jones, Matthias Kollatz-Ahnen the Former European Investment Bank Vice President and the Economic Council of the Labour Movement's Lars Andersen and Signe Hansen. This working paper focuses on finding a policy that quickly facilitates and stimulates future growth in Europe, going beyond austerity.This paper aims at making specific proposals on how one key and successful EU institution, the European Investment Bank, (EIB) can expand its lending significantly, in ways that will make a mean-ingful contribution to growth, and examines the role which EU Structural Funds can both on their own, and especially as a complement to EIB lending, further contribute to EU growth.

About the Authors

Stephany Griffith-Jones
Financial Markets Program Director
Initiative for Policy Dialogue

Stephany Griffith-Jones is an economist specialising in international finance and development, with emphasis on reform of the international and national financial system, especially in relation to financial regulation and global governance. She is Financial Markets Director at the Initiative for Policy Dialogue, Columbia University. Previously she was Professorial Fellow at the Institute of Development Studies at Sussex University. She was Director of International Finance at the Commonwealth Secretariat and worked at UN DESA and ECLAC. She was senior consultant to governments in Eastern Europe, Latin America and Africa and many international agencies, including the World Bank, the IADB, the European Commission, UNDP and UNCTAD. She was a member of the Warwick Commission on financial regulation. She currently is theme leader on finance in the ESRC /DFID growth programme for LICs, especially African ones. She has published over 20 books and many scholarly and journalistic articles. Her books include Time for the Visible Hand, Lessons from the 2008 crisis, edited jointly with José Antonio Ocampo and Joseph Stiglitz.

Matthias Kollatz-Ahnen
Former Vice-President
European Investment Bank

Mathias Kollatz-Ahnen is the Former Vice-President of the European Investment Bank. Some of his responsibilities included EU convergence policies and special EIB transactions, in which energy projects played a prominent role. Before joining the EIB, Dr Kollatz-Ahnen worked in Germany as Managing Director and a member of the management boards of the Hesse state trust agency and Hesse investment bank. From 1991-1995 he was Head of the Minister's office at the Hessen Ministry of Rural Development, Housing, Agriculture, Forestry and Conservation in Germany. Kollatz-Ahnen received his Doctorate in Engineering as well as a degree in Economics at the Technical University of Berlin.

Lars Andersen
Economic Council of the Labour Movement

Lars Andersen is Master of Science in Economics and has been employed in the ECLM since 1986. In 1994 he replaced the former Minister of taxation Carsten Koch as the managing director of ECLM.

Signe Hansen
Senior Economist
Economic Council of the Labour Movement

Signe Hansen is Master of Science in Economics. She has taken parts of the economic master degree at American University in Washington DC in USA and University of Hyderabad in India.

Signe works with the analysis of international economics and the development in growth, prosperity and welfare in Europe. Signe is also responsible for the institute’s international model HEIMDAL. Signe participates in several international networks. She produces analysis and reports to the European network ELNEP, the European think tank FEPS and the European Socialist Party PES.

Publication Information

Type Working Papers
Program -
Download 677kb pdf
Posted 06/07/12