European Fund for Strategic Investments (EFSI): set-up and EU budget contribution

19-06-2015

European Parliament (EP) and Council negotiators have reached a political agreement on the rules creating and governing the European Fund for Strategic Investments (EFSI). Proposed by the Commission as part of the 'Juncker plan' and backed by a guarantee from the EU budget, EFSI will aim to foster job creation and growth across the EU, by triggering investments worth an estimated €315 billion over three years. The agreed text now needs to be adopted by the EP, with plenary due to consider it on 24 June, and the Council in order for EFSI to become operational.

European Parliament (EP) and Council negotiators have reached a political agreement on the rules creating and governing the European Fund for Strategic Investments (EFSI). Proposed by the Commission as part of the 'Juncker plan' and backed by a guarantee from the EU budget, EFSI will aim to foster job creation and growth across the EU, by triggering investments worth an estimated €315 billion over three years. The agreed text now needs to be adopted by the EP, with plenary due to consider it on 24 June, and the Council in order for EFSI to become operational.