Council of Economic and Finance Ministers (ECOFIN)
Martin Schulz: Investment Plan for Europe - Parliament delivers
"With a large majority, the European Parliament gave today (25 June) its go-ahead to the European Fund for Strategic Investments after reaching an agreement with the Council.
"The Parliament's contribution has not only offered a key political backing to the Investment Plan since its inception, it not only managed to pass this complex regulation at record speed, but it also managed to improve it considerably.
"Parliament's negotiators secured a better financing structure, increased the democratic oversight in the governance structure of the fund and reduced the cuts to the research and innovation programme in Horizon 2020 and to the Connecting Europe Facility.
"We now look forward to see the €315 billion investment plan at work to re-launch investment across the EU, sustain the political priorities we have set-out, such as the energy union, financing for SMEs and digital infrastructures, and so embolden the economic recovery creating much needed jobs across the continent."
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