Economy
Boosting Europe's economy: Juncker investment plan explained
The so-called Juncker investment plan, aiming to get Europe growing again and get more people back to work, got a green light from Parliament in June. How will the European Fund for Strategic Investments (EFSI) actually work though? And how will investments be mobilized to lead to an overall sum of €315 billion?
Newly elected Commission President Jean-Claude Juncker presented the investment plan last November. MEPs approved the EFSI on 24 June but modified its financing structure. Parliament also obtained the right to approve the executives of the fund and ensure more democratic oversight. The fund is expected to be fully operational by the autumn.
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