BRUSSELS (AP) — European Union leaders met Thursday to seek solutions to two major challenges —how to jumpstart sluggish economic growth at home, and how to deal long-term with Russia.
On the economic front, European Council President Donald Tusk, the official host of the 28-nation summit, said he expected attendees to call for the urgent establishment of a strategic investment fund.
The fund is supposed to leverage EU seed money and loan guarantees into up to 315 billion euros ($386 billion) of private-sector investment to upgrade infrastructure, create jobs and stimulate growth.
The plan is that of European Commission President Jean-Claude Juncker. Critics …read more
Source: KXAN
