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Policy & Regulation

Sceptics unconvinced by €315 billion ‘Juncker package’

European Commission President Jean-Claude Juncker presented a €315 billion investment plan this week aimed at fostering jobs and economic growth across Europe over the next three years European Commission President Jean-Claude Juncker presented a €315 billion investment plan this week aimed at fostering jobs and economic growth across Europe over the next three years.
By Andreas Walstad 27 November 2014 Europe & Russia / Policy & Regulation 0 14287
Juncker (standing) presented the €315 billion, three-year investment plan to the European Parliament in Strasbourg this week. (European Commission)

European Commission President Jean-Claude Juncker presented a €315 billion ($393 billion) investment plan this week aimed at fostering jobs and economic growth across Europe over the next three years. 

The ‘Juncker package’ is intended to raise private capital for energy projects such as power and gas grids as well as energy efficiency measures. However, there is much uncertainty as to how projects will be selected for funding and whether the anticipated €315 billion will be enough to get key programmes off the ground. 

The EU will guarantee...