English Blogactiv Posts - EU Blog Platform

This is the name which has been given to the long touted €315bn investment fund which European Commission President Jean-Claude Juncker has put front and centre of his programme to deliver jobs and growth. The key points of the proposal (EC press release, Juncker speech, Katainen speech) are:

€315bn investment from 2015 – 2017. This is made up of a €16bn guarantee from the EU budget (a 50% guarantee from €8bn of the budget) and €5bn from the European Investment Bank (EIB). This money will be used as a guarantee to raise the targeted €315bn from private financing on the market.**
Of the total spend €240bn will go towards long term investments and €75bn to SMEs/mid-cap companies.
The EFSI will be under the umbrella of the EIB but will have different goals and do a different type of lending.
In conjunction with the EFSI the Commission will create a “project pipeline” along with […]

Author :
Print
EurActiv Network