Exclusive - EU's richest countries getting lion's share of bloc's investment plan

Exclusive - EU's richest countries getting lion's share of bloc's investment plan
 

Nearly all of the money spent so far from the European Union's 315 billion euro investment plan has gone to the 15 richest countries in the bloc, leaving the other 13 poorer ones out in the cold, a report by the European Investment Bank has found.
Italy and Spain benefited have benefitted the most in financing for projects in infrastructure and innovation, along with Britain, which voted to leave the bloc in June.
The report, a copy of which has been seen by Reuters, also found, however, that spending is on track for completion by its mid-2018 target date.
The investment plan, launched in... read more

 
4 October 2016 in Business, Views: 44
Source: Reuters
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