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What Europe’s Economy Needs Now

The US Inflation Reduction Act should be seen as a wake-up call for Europe. As the European Investment Bank Group holds its first-ever EIB Group Forum in Luxembourg this week, policymakers can start to deliver what the European economy needs most: smart, targeted investments.

LUXEMBOURG – Faced with growing investment gaps, most European policymakers seem to think it is time for another broad-based stimulus package, despite high inflation and high levels of public debt. But I am afraid they are wrong.