EFSI

by Stuart Holland* 18 May 2017 Martin, You may recollect that we met with Elisa Ferreira and Jacek Saryusz-Wolski in Strasbourg in 2012 when Elisa, he...

The EU Commission under Jean-Claude Juncker is proposing an extension of EFSI, the European Fund for Strategic Investments. Instead of terminating in 2018, it would run until 2020. The public funds and EU guarantees would be topped up from 21 billion euros to 33.5 billion. In this way, the intention is to mobilise 500 billion euros in investment capital instead of 315 billion as originally planned. This sounds like a lot of money, but on closer inspection it shrinks away rapidly.