BRUSSELS (AP) — European Union leaders agreed Thursday to create a strategic investment fund that could generate up to 315 billion euros ($386 billion) in private- and public-sector money to upgrade infrastructure, jumpstart the EU’s sluggish economies and ignite job growth.
The plan approved by leaders of the 28-nation EU at their one-day summit meeting in Brussels calls for the new European Fund for Strategic Investments to be in operation and approving new investment projects by mid-2015.
Grybauskaite and the other EU leaders seemed to acknowledge the possibility that private companies may be reluctant to risk their capital by noting in a …read more
Source: San Francisco Chronicle
