Tuesday, September 4, 2012

Monti and Hollande Call for Greater Growth

We've heard the words before, but is there more substance this time? Perhaps. Mario Monti and François Hollande met in Italy and called for greater growth. More to the point, however, they agreed that a high-speed rail line would be built between Lyon and Turin. This is the kind of concrete infrastructure project that can actually create jobs and usefully absorb public funds. Exactly how the project will be financed remains unclear, however.

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