Community financial engineering must take account of a number of aspects : the concern of the national a
uthorities to limit their budget commitments; the constraints on the Community
budget; the relative abundance of private capital available; the need to improve the channels through which European savings flow to the market; and the need for cohesion, which has become even greater following enlargement and means that
the Community must overhaul its operating methods and instruments for st
...[+++]ructural action.L'ingenierie financiere communautaire doit repondre a plusieurs considerations : le souci des autorites nationales de limiter leurs engagements budgetaires; les contraintes qui pesent sur le budget communautaire; l'abondance relative des capitaux prives disponibles; la necessite d'ameliorer les canaux par lesquels transite l'epargne europeenne; enfin l'exigence de cohesion, qui est devenue plus forte encore apres l'elargissement, et qui impose a la Communaute de renouveler ses methodes et outils d'intervention dans le domaine structurel.