A €300 billion Investment Plan for Europe
When he outlined the political guidelines for the next European Commission in July 2014, President Juncker stated that his first priority as Commission President will be the strengthening of Europe’s competitiveness and the stimulation of investment for the purpose of job creation.
Within the first three months of his mandate and in the context of the Europe 2020 review, he therefore intends to present an ambitious Jobs, Growth and Investment Package worth €300 billion over the next three years, taking into account the following starting points:
- Sustainable growth cannot be built on ever growing mountains of debt (a lesson learnt from the crisis)
- It is mainly companies that create jobs, not governments or EU institutions
- Better use needs to be made of the common EU budget and the European Investment Bank (EIB)
- Public funds available at EU-level must be used to stimulate private investment in the real economy