EU Commission to give more details on investment plan
The EU Commission is to present concrete proposals on the functioning of the new European Fund for Strategic Investments (EFSI) by January, after EU heads of states and governments have endorsed the investment program. The EFSI will be launched with 21 billion euros of EU money and is intended to attract 15 times more private capital for financing investment projects. The EFSI is scheduled to take up operations by June. In a new cepPolicyContribution the Centre for European Policy gives five recommendations for further specifying the investment plan. Policy makers should for example attempt to limit potential losses of the EFSI to 21 billion euros by paying special attention to the use of EFSI guarantees. See also our related cepBlog.