15% of Juncker Plan funding supports fossil fuel projects, according to a report by group of NGOs, which raises serious questions about the investment plan’s consistency with the EU's climate objectives. EURACTIV France reports.
Against the backdrop of weak output growth in Europe, the European Commission announced on Wednesday (14 September) that it will double the funds for its ‘successful’ investment plan and urged Parliament and the member states to adopt the Capital Markets Union proposals to relaunch the real economy.
The Juncker Plan has put an end to Europe’s “investment breakdown”, according to the European Commission President. But many of its projects are no different to those normally financed by the European Investment Bank. EURACTIV’s partner La Tribune reports.
Payments for cohesion are down by 23.94% in the 2017 draft budget compared to 2016, but payments for the heading “Security and citizenship” are up by 24.42%. The Parliament is yet to give its opinion on what looks like an unusual budget.
A major contributor to the European Fund for Strategic Investments (EFSI) and the main beneficiary of the Juncker Plan, a post-Brexit United Kingdom will have to learn to live without EU investment. EURACTIV France reports.
The European Fund for Strategic Investments (EFSI) is being lauded by the European Commission and the executive wants to extend the funding arm of the Juncker Plan. But not everyone thinks the billion euro pot has been a complete success. EURACTIV Germany reports.
The European Commission is highly satisfied with the results of the Investment Plan for Europe, with €82 billion already triggered in new investment, Margaritis Schinas said in an exclusive interview with EURACTIV Greece.
EXCLUSIVE / The European Fund for Strategic Investments (EFSI) will support recapitalised Greek banks to implement EU investment plans for small and medium-sized enterprises, European Commission Vice-President Jyrki Katainen told EURACTIV Greece.
The European Parliament insists that fiscal consolidation and reforms are not enough and that the EU should have a strong priority in investment in Europe and expanding the internal domestic demand, Maria João Rodrigues told EURACTIV in an exclusive interview.
The European Investment Bank (EIB) has decided to put “on hold” any new loan to Volkswagen, after the bank concluded that part of its funds could have been involved in the emission scandal affecting the diesel vehicles.
EXCLUSIVE / British Prime Minister David Cameron can already claim a victory ahead of the referendum, because the major event in the calendar of the Juncker Commission, the midterm review of the European Union’s 7 year budget, has been effectively cancelled.
The European Commission's investment plan has been one of its biggest priorities this year. Now that the legal skeleton is in place, its political pilot, Vice-President Jyrki Katainen, recognised that he has to redouble efforts to ‘sell’ the package.
The independent Annual Growth Survey group (iAGS) highlights the need for investment, in order to secure Europe's economic recovery. French economist Xavier Timbeau says that Juncker Plan has not delivered.