Regarding the dimension, our proposal would involve additional budgetary resources that represent only a very small proportion of the total EU budget allocated to growth; however, as we will show the impact on growth would be very large, given the multiplier effects provided by leverage.
The European Commission plans expenditure of €1000 billion for the seven years from 2014 to 2020, of which 38% are assigned to structural funds, 9% to employment and social matters and 8% to re- search and innovation. (see Figure 1).