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He has been on board for three months only, but has already managed to attract attention, doubts and criticisms. I am referring to Jean-Claude Juncker, and his plan to create a new European Fund for Strategic Investments (EFSI).
A plan to trigger a “Virtuous Triangle”, so he claims: investment, fiscal responsibility and structural reforms, to bring European countries back on the track of economic recovery. Since the global financial and economic crisis, the EU has suffered from low levels of investment (a 15% decrease in 2014 with respect to 2007 figures, amounting to about €430 billion). This has led to a weak recovery from the crisis, especially in the Eurozone[1], and may further result in a fall in GDP and an overall decrease of growth and competitiveness.
The starting point for Juncker’s plan is the low investor confidence, due to the uncertainty of […]

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