Statement in the European Parliament plenary session on the €315 billion Investment Plan / EU launches Investment Offensive to boost jobs and growth

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Series Details SPEECH/14/2160 (26.11.14)
Publication Date 26/11/2014
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European Commission President Jean-Claude Juncker launched on the 26 November 2014 a €315bn 'Investment Plan for Europe' to kick-start Europe's economy.

Since 2007 Europe had made enormous efforts to overcome the financial and economic crisis. It had improved economic governance, introduced efficient financial backstops, and set up a banking union. Member States were consolidating public finances and undertaking structural reforms. Yet, despite the progress, the European economy was still fragile; investment was 15% lower than in 2007, and unemployment up 40% in the last seven years.

The Plan launched was built on three main strands

+ the creation of a new European Fund for Strategic Investments (EFSI), guaranteed with public money, to mobilise at least €315bn of additional investment over the next three years (2015 - 2017)
+ the establishment of a credible project pipeline coupled with an assistance programme to channel investments where they are most needed
+ an ambitious roadmap to make Europe more attractive for investment and remove regulatory bottlenecks.

According to European Commission estimates, taken as a whole, the proposed measures could add €330 - €410bn to EU GDP over the next three years and create up to 1.3 million new jobs

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