Discussions continue regarding the European Union's growth initiative, now expected to reach E100 billion (US$112 billion), mostly via increased investments in Trans-European networks and major research and development projects. And at the suggestion of Italy, which currently holds the EU presidency, securitization is increasingly likely to perform some function within the final proposal package.

The European Investment Bank (EIB) is heading the growth plan. Italy proposed that the EIB buy private banks' infrastructure loans and repackage them as bonds, using the new capital generated to back new loans.

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