Archive | November, 2014

Juncker’s €300bn investment gamble – and what it might mean for energy

By Sonja van Renssen, originally appeared on energy post The EU and European Investment Bank (EIB) have teamed up to launch a new investment programme for Europe – with energy, as well as transport, research, innovation and education, its key objects. A modest €21bn in public money is set to be multiplied up to a […]

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Juncker investment package ‘shifts risk from private investors to EU taxpayers’

Originally appeared on EU Reporter Today (26 November) European Commission president Jean-Claude Juncker will present his widely anticipated €300 billion investment package aimed at stimulating growth in the European economy. Central to the InvestEU programme is a €21bn allocation for the newly-created Euopean Fund for Strategic Investment (EFSI) that has to leverage €315bn from private […]

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Juncker’s €315bn investment plan unveiled: fifteenfold leverage and solidarity for the south

By Jeremy Fleming, originally appeared on Euractiv The European Commission yesterday (25 November) unveiled the mechanism for its much-heralded €315 billion investment plan, revealing how a limited €21 billion of initial public money is intended to lift fifteen times as much in capital. Details on the new fund reveal that the cash will be funnelled towards Europe’s crisis-ravaged […]

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Juncker investment package shifts risk from private investors to EU taxpayers

InvestEU programme endorses unfair risk-reward balance Risky projects may threaten economic development instead of driving it Brussels – Today European Commission president Jean-Claude Juncker will present his widely anticipated 300 billion euro investment package aimed at stimulating growth in the European economy. Central to the InvestEU programme is a 21 billion euro allocation for the […]

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Roundtable: The European project bonds – What impact for European public finance, and what vision for the future?

  Where and When? Tuesday 2 December 2014, 13:00-16:00 European Parliament, Brussels, Room P1C051,   What ? In 2012, the European Commission and the European Investment Bank (EIB) launched the pilot phase of the ‘Europe 2020 Project Bond Initiative’ – the so-called project bonds – in order to steer private sector investments in large infrastructure […]

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La relance «made in Bruxelles» plombe la facture de gaz des Espagnols pour trente ans

By Ludovic Lamant, originally appeared on Mediapart C’est l’un des nouveaux mécanismes de financement public-privé censés relancer l’économie en Europe. Le premier « project bond » soutenu par la BEI a servi à la construction d’une réserve de gaz au large de l’Espagne. Mais après des séismes, le chantier est à l’arrêt. Et ce sont les Espagnols […]

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Tax havens: why urgent action is needed

By Klara Sikorova and Xavier Sol, originally appeared in EU Observer BRUSSELS – European multilateral banks need to go bigger and better on transparency of ultimate owners and country-by-country reporting to reach their development and transition goals. A report recently released by NGO Eurodad, Going Offshore, reveals that European development finance institutions provide billions of euros […]

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