14-10-15

EIB President Hoyer: "We are already pretty far with the Juncker Plan"

Hoyer tells Bloomberg News that the EU investment plan will achieve as much as 15 percent of its target volume by year end

Hoyer (l.), with EU Commission head Juncker

The EU investment plan will achieve as much as 15 percent of its target volume by year end, European Investment Bank (EIB) President Werner Hoyer said in an interview with Bloomberg News. “I can say by the end of this year we will almost have triggered 50 billion euros in additional investment,” the EIB head said. “We are already pretty far with the Juncker Plan.”

With its “Investment Plan for Europe”, the EU Commission intends to trigger investment of up to 315 billion euro. The plan is based on the establishment of a European Fund for Strategic Investments (EFSI) as well as an investment advisory hub at the European Investment Bank (EIB). See also our cepInput and cepPolicyBrief on the matter.