Investment Plan for Europe launched by Commission President at European Parliament
Investing in Europe a six-year growth programme, was launched by EC President Juncker at the European Parliament on 26 November. EU budget and European Investment Bank funds will be used to create a new European Fund for Strategic Investments in business loans and infrastructure projects, to be selected by an independent Investment Committee. The timetable for the establishment of the Fund is June 2015. President Juncker described the initiative as “an investment offensive that optimises our economic policy. We are focusing on long-term, large-scale European investment to create jobs. We are also targeting SMEs – Europe’s job creators – to give a boost to the real economy.” Full text.