« A key part of the discussion in Europe is how to urgently restore growth in a climate where financial markets are unwilling to finance sovereign debt of many countries at reasonable cost », FEPS’s consultant Professor Stephany Griffith-Jones said in the background paper prepared for the conference « Beyond Austerity: Alternative Policies for Employment and Growth » which took place in Rome in May 2-3, 2012. « A central issue is how best to design macroeconomic policies for this purpose. Complementary to this is how to mobilize resources to kick-start investment. There is a great need for creative thinking, to achieve the latter. This can be done both by using existing and new instruments. » she continued in the introduction of this paper.