At its weekly meeting the Commission has adopted the legislative proposal for the European Fund for Strategic Investments (EFSI). It also issued guidance on how it will apply the rules of the Stability and Growth Pact to encourage structural reforms, investment and fiscal responsibility.
Today (13 January) marks an important step toward the realisation of the European Commission's Investment Plan for Europe that will unlock €315 billion in public and private investments in the real economy. Just 50 days after announcing this investment offensive, the Commission adopted the legislative proposal for the new European Fund for Strategic Investments, which should be set up by June 2015 in cooperation with the European Investment Bank (EIB).
At a press conference in Strasbourg Vice-President Jyrki Katainen presented the European Fund for Strategic Investments (EFSI), which is at the very heart of President Juncker's Investment Plan.
Vice-President Dombrovskis and Commissioner Moscovici unveiled a Commission Communication providing guidance on how to combine structural reforms, investment and fiscal responsibility under the existing rules of the Stability and Growth Pact. The aim is to ensure the EU's common fiscal framework is applied with the necessary flexibility to support the EU’s jobs and growth agenda.