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.

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