- Editor
- 7:15:56 23/07/2015 / agency Xinhua
The European Commission today approved a package of measures to ensure the implementation in early autumn the European Strategic Investment Fund (FEIE), the foundation of the investment plan for Europe, too Juncker called plan.
“The package agreed today will ensure that the FEIE be up and running by early fall of 2015 in accordance with the ambitious timetable set by President Jean-Claude Juncker to implement the investment plan for Europe, “the European Commission.
Juncker said that the level of investment is 15 percent below the pre-crisis stage in 2007 and said” we need the plan Now because it is important that it is necessary to consolidate public finances. But besides that policy, structural funds need to ensure that a medium-term development of the European economy can be achieved “.
As one of the measures end, the President of the European Commission, Jean-Claude Juncker; vice president of the commission, Jyrki Katainen; and President of the European Investment Bank, Werner Hoyer, signed the agreement establishing FEIE working methods between the two institutions.
The European Commission also published a paper on the role of banks promotion in supporting national investment plan for Europe.
The document clarifies and gives practical information on how to establish a new national promotion bank and how these banks from different Member States can join forces and work with the European Investment Bank to establish investment platforms.
The information will help European companies gain access to financing through FEIE cornerstone of the investment plan of 315,000 million euros ( the European Commission
343,000 million), he said. In order to put Europe on the road to economic recovery, the commission headed by Juncker established based on structural reforms, fiscal responsibility and investment approach. End
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