In an opinion adopted at its plenary session on Thursday 5 July, the Committee of the Regions called for the deepening of Economic and Monetary Union (EMU), currently being discussed by the Eurogroup (see EUROPE 12052), to be an opportunity to relaunch public investment and resolve its current democratic deficit.
“The financial contribution by local and regional authorities in public investments must be given more flexibility. Otherwise there is a serious risk that it will hold back the...