lunedì 15 maggio 2017

European Commission - PRESS RELEASES - Press release - Commission welcomes European Parliament vote on extension and reinforcement of the European Fund for Strategic Investments (EFSI), the heart of the Juncker Plan

The European Commission welcomes the vote by Members of the European Parliament's Budgets and Economic and Monetary Affairs committees to agree their position on extending, expanding and reinforcing the European Fund for Strategic Investments (EFSI), the so-called "EFSI 2.0". The Commission now calls on the Parliament and Member States to continue working towards the final adoption of the EFSI 2.0 proposal as quickly as possible to the benefit of public and private promoters driving investment projects in Europe. (...) Given its success so far, President Jean-Claude Juncker announced a proposal to extend and reinforce the EFSI in his State of the Union address in September 2016. The proposal seeks to extend the EFSI's duration and enhance its financial capacity. The plan is to extend the EFSI's initial three-year timeline (2015-2018) to 2020, the end of the current Multiannual Financial Framework. The target of investment mobilised is to be increased from EUR 315 billion to at least half a trillion euro by 2020. The proposal also seeks to place a greater emphasis on additionality – the concept that a project should only be selected if it would not have been realised at all, to the same extent or within the same timeframe without the support of the EFSI – and enhance the EFSI's transparency and geographic balance. The EFSI's extension is among President Juncker's top priorities. EU Finance Ministers already gave their backing to the EFSI 2.0 at a meeting of the Economic and Financial Affairs Council (ECOFIN) in December 2016, a decision that was later endorsed by the European Council. (...)

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