EU investment plan may have no added value, auditors say

EU investment plan may have no added value, auditors say
 

The European Union investment plan, its flagship project to relaunch the bloc's sluggish economy, may have produced no added value, because private investment made through the plan might have been made anyway, EU auditors said on Thursday.
A European Fund for Strategic Investments (EFSI) was set up last year in a bid to boost funding for riskier companies and projects, in particular for infrastructure, education and research, that are most affected by low levels of investment in the EU.
The EFSI intends to use 21 billion euros (18.91 billion pounds)of EU guarantees and cash to attract... read more

 
13 October 2016 in Business, Views: 33
Source: Reuters
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