juncker investment plan clears key eu hurdle
Last Updated : GMT 19:44:38
Arab Today, arab today
Arab Today, arab today

Juncker investment plan clears key EU hurdle

Arab Today, arab today

Arab Today, arab today Juncker investment plan clears key EU hurdle

Jean-Claude Juncker
Brussels - AFP

 European finance ministers on Tuesday approved the key components of Jean-Claude Juncker's flagship investment plan, the EU's effort to revive the continent's flagging economy.
Ministers from the bloc's 28 member states approved the details of the scheme, as Italy pledged 8.0 billion euros (8.6 billion dollars) to the programme, matching similar commitments from Germany, France and Spain.
"This is a very good day indeed, the council (of ministers) just decided to go with the proposal," European Commission vice president Jyrki Katainen told a news conference after the ministers met in Brussels.
"It is clear now that all the member states share the same view with the commission that we need investment in Europe," he said.
The EU's proposed 315 billion euro investment plan is a central policy goal for Juncker, the former Luxembourg premier who took over the presidency of the European Commission in November.
The plan is intended to spur growth in Europe through an elaborate scheme involving the European Investment Bank and funds from the EU's budget that would not further strain national coffers.
The commitment from Italy and the other member states is a bittersweet success for the commission, which had originally hoped governments would contribute directly to the fund.
Instead, the contributions will be made only via national investment banks  -- thereby guaranteeing that the funds will go towards domestic projects -- in a blow to the Juncker plan's original EU-wide spirit.
Katainen said he did not know why governments backtracked on the idea of funding the Juncker plan directly, but insisted that "this made no difference" to its overall success.
With the approval by the ministers, the Juncker plan now goes to the European Parliament, where swift passage is expected to allow for the plan's launch by June or July, Katainen said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

juncker investment plan clears key eu hurdle juncker investment plan clears key eu hurdle

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

juncker investment plan clears key eu hurdle juncker investment plan clears key eu hurdle

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday