European fund for strategic investments collected 25.5 billion EUR before its establishement

Noam Stiekema

Even before formally adopted a Regulation establishing a European fund for strategic investments (EFSI) already raised just over 25.5 billion EUR. This is clear from the Communication of the European Commission. So far five countries have declared their willingness to contribute financially to the realization of the plan of the European Commission President Jean-Claude Juncker for […]

EIF

EIFEven before formally adopted a Regulation establishing a European fund for strategic investments (EFSI) already raised just over 25.5 billion EUR. This is clear from the Communication of the European Commission. So far five countries have declared their willingness to contribute financially to the realization of the plan of the European Commission President Jean-Claude Juncker for the revival of Europe. These are Germany, France and Italy, which reported that through their support banks granted 8 billion EUR, Spain brings 1.5 billion EUR and Luxembourg will participate with 80 million EUR.

The EC recall that on 10th March 2015, EU finance ministers approved a European Commission proposal for a Regulation establishing the Fund. Expectations are the norm to be voted in the European Parliament on 20th April 2015. Then will begin interinstitutional negotiations in EU and forecast to June regulation to be finally approved. Despite a good start the fund is to raise a lot more money with which to plan for funding projects of small and medium-sized enterprises, innovation and infrastructure. According preorders plan “Juncker” will allocate 315 billion EUR. The economic crisis has seriously reduce investments across Europe, adding more of the EC. For this reason, the new composition of the Commission proposed collective and coordinated action at EU level to stop the downward trend and return Europe to the path of growth.

Read this next

Retail FX

Prop firm The Funded Trader shuts down, claims relaunch in April

Prop trading firm The Funded Trader has ceased all operations, with claims for a relaunch in the near future.

Digital Assets

Ethereum-Based Tokenized Real Estate Platform USP Launches On Republic

How This Californian Startup Is Revolutionizing Real Estate Investment through Ethereum-Based Tokenization.

Digital Assets

Sui Spikes in Weekly DEX Volume, Joins Top 10 of All Blockchains

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Digital Assets

Prisma Finance suffers $10 million crypto exploit, attack ongoing

Liquid staking protocol Prisma Finance fell victim to a security exploit on March 28, resulting in nearly $10 million in Prisma mkUSD and wrapped stETH being stolen by hackers.

Digital Assets

Masa and LayerZero: Bridging Blockchains for Data Sovereignty

Masa Network is poised to revolutionize the personal data landscape with its upcoming launch as a cross-chain platform, making it accessible on a variety of blockchains right from the start.

Digital Assets

Big Time Generates over $100M in Revenue since Preseason

Innovative game developer Big Time Studios announces that its highly anticipated free-to-play multiplayer action/MMO RPG Big Time, has generated $100M in revenue. According to the team, players transacted a total volume of over $230M, without selling a single token.

Digital Assets

Centralized exchanges are 10 times more popular than DEXs in Western Europe

Western European traders are found to prefer centralized exchanges over decentralized ones as CEX traffic outpaces DEXs by a factor of ten.

Market News

Stock Market Analysis: Is NVDA Losing Its Leadership?

Since the beginning of the week, the S&P 500 Index (US500) has seen a modest increase of about 0.58%, whereas NVDA’s share price has experienced a decline of approximately 3.8%. This recent divergence raises concerns among Nvidia stock investors — could it signify a loss of NVDA’s market leadership?

Industry News

ESG: Australian regulator wins first greenwashing court case against Vanguard

Vanguard admitted that a notable portion of the securities within both the Index and the Fund did not undergo the promised ESG scrutiny.

<