EU Aims $4.5B In Bonds At Mobilizing Stalled Projects

Law360, New York (June 29, 2012, 7:34 PM EDT) -- European leaders on Friday finalized a €120 billion ($152 billion) stimulus package aimed at boosting growth and jobs in the troubled Eurozone, with some €4.5 billion earmarked for the pilot phase of a project bond program that will target stalled infrastructure projects.

The pilot phase previews a full-scale effort the European Council intends to launch this summer to fund strategic energy, transport and broadband infrastructure projects, Council President Herman Van Rompuy said in remarks published late Thursday, after the first round of talks in the council's...
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