On the Role of Long Term Projects in the European Rebound

Several paradoxes come together in the financial crisis currently weighing on European economies that influences the shift to more secure, sustainable and environment-friendly energy, transport and industry systems in Europe. The article explores these paradoxes and concludes that sanctuaries for the long-term aspect of industrial policy must be identified as key levers to a European rebound. The article explores several possible avenues in this regard with a specific focus on public-private partnerships such as European Joint Technology Initiatives (JTIs) that align private and public players towards a common objective.