EU's Katainen: European investment fund will create around 1.3 million jobs
Jyrki Katainen, EU Commission Vice-President for Jobs, Growth, Investment and Competitiveness, expects that the new European Fund for Strategic Investments will create around 1.3 million new jobs. “The main target of the fund is to get projects with higher risk and also higher return started, given that investors are currently shying away from them,” Katainen told German daily Stuttgarter Zeitung in an interview. The Finn will be from this Wednesday till Friday in Germany to promote the new fund. See also our latest elaboration on the EU’s investment initiative.