Planning: France pledges €8b for growth plan
Germany has committed €15 billion to the plan and Spain €1.5 billion
LUXEMBOURG:
France will commit €8 billion ($8.7 billion) as part of European Commission President Jean-Claude Juncker’s plan to boost economic growth, according to President Francois Hollande.”To create an effect of leverage, the Juncker plan must attract other contributions – public contributions and private contributions – and I have announced that France, through the Caisse des depots and the Public Investment Bank, will put in €8 billion,” Hollande said on a visit to Luxembourg. EU leaders last December approved the broad outline of Juncker’s €315-billion investment plan, intended to kick-start growth in Europe by financing hundreds of projects. Germany has committed €15 billion to the plan and Spain €1.5 billion, but other EU member states have been slower to react. European Commission Vice-President Jyrki Katainen welcomed the French contribution and said that the plan was progressing fast with the commitment of Member States.
Published in The Express Tribune, March 8th, 2015.
France will commit €8 billion ($8.7 billion) as part of European Commission President Jean-Claude Juncker’s plan to boost economic growth, according to President Francois Hollande.”To create an effect of leverage, the Juncker plan must attract other contributions – public contributions and private contributions – and I have announced that France, through the Caisse des depots and the Public Investment Bank, will put in €8 billion,” Hollande said on a visit to Luxembourg. EU leaders last December approved the broad outline of Juncker’s €315-billion investment plan, intended to kick-start growth in Europe by financing hundreds of projects. Germany has committed €15 billion to the plan and Spain €1.5 billion, but other EU member states have been slower to react. European Commission Vice-President Jyrki Katainen welcomed the French contribution and said that the plan was progressing fast with the commitment of Member States.
Published in The Express Tribune, March 8th, 2015.