The European Commission headed by Jean-Claude Juncker plays its credit next Wednesday before the European Parliament with the presentation of an investment fund with the guarantee of the EU budget which should mobilize EUR 300 billion to restart the machine Economic and employment in Europe.
The project is inspired by Jacques Delors White Paper in 1993 with his d program? infrastructures? European interest in the areas of transport and energy, has Sunday night told AFP a charge associated with its design.
“But it is not about to take. It’s not necessary,” he insisted.
The European Investment Bank (EIB) will be maneuvering the vehicle plan with a European investment funds of which will be drawn from the EU budget, mainly in funding for the mechanism? Connecting Europe over the period 2014-2020. The endowment has not yet been arrested and the figure of 21 billion published in the press was launched as a “trial balloon to see the reactions,” said a European diplomatic source.
“The novelty is that the Bank will be able to make risky investments because it will have the guarantee of the EU budget,” said the official.
The effect lever should help mobilize $ 300 billion over the next 5 years. . “There are a lot of liquidity into the system, but they are not invested because of the uncertainty of the private sector in the face of Europe,” emphasized several European sources.
“It is necessary to This complete the single market with the financial sector and give transparency to investments that use public money in Europe, “is it said.
The project was technically completed in two meetings Saturday and Sunday. “The time has now come of policy. It is up to the commissioners to decide at their meeting in Strasbourg on Tuesday,” said a trader.
During this meeting, the commissioners will have to decide the amount of the endowment fund and the possibility of not accounting for the calculation of public deficits of the amounts of the national investment plan states that will complement the work of the fund, told AFP an informed source.
Jean-Claude Juncker and Jyrki Katainen, the vice president in charge of employment and investment will then present it Wednesday morning MEPs in plenary session.
“The credibility of the commission is in. She must convince the adjustment plan is included as a complement structural reforms and fiscal adjustment, “said a European official.
For this reason, Commission would like to procrastinate on budgetary slippages in France and Italy, but this option raises reservations made in public by the commissioner Gunther Oettinger German.
“It’s a real communication challenge “said another source.
” This plan will not disappoint the markets, but instead he will disappoint the politicians who are waiting Brussels money, “the official said associated design .
Infrastructure Projects will be selected according to their quality, their interest and respect of all European rules, including environmental. “We have to depoliticize the selection. There will be no quotas by country or by sector and project selection will be made independently by the fund managers, not by political” plead its designers.
But the states have submitted 1,800 projects whose combined cost exceeds € 400 billion. But most will not be selected. Furthermore Jean-Claude Juncker wants to drain a third of the financing to SMEs engaged in high-tech sectors and have difficulty finding funding, is it said.
No comments:
Post a Comment