European Union leaders today (24 October) formally backed a €300 billion investment scheme proposed by Jean-Claude Juncker, the incoming European Commission president.
The European Council called on the Commission, together with the European Investment Bank and the Council of Ministers, to present investment options at the next Council meeting, on 18-19 December.
Juncker told MEPs on Wednesday that he would present proposals for funding the investment scheme in December. The €300bn is to be drawn from public as well as private sources, according to Juncker, and aims to boost the eurozone’s anaemic growth.
The need for greater investment was also emphasised by Mario …read more
Source: European Voice
