Infrastructure financing in Europe and the Fiscal Compact approach

Infrastructure systems are closely connected with the aggregate production function and endogenous growth. To encourage their development, it is necessary to address the question of their selection and financing, especially re-considering the budget rules defined by the Fiscal Compact. Among the necessary measures are the review of Basel 3 and Solvency 2 regulation, the shift towards European supervisory and regulation authorities and the reliance on the European Investment Bank to finance European projectss