Mar 23, 2017
We are invited to European Commission Podium in Budapest. Special thanks to Mr. Gábor Zupkó, the Head of European Commission Representation in Hungary. #euinvest #budapest #eu #commission #academia (at Hungarian Academy of Sciences)
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We are invited to European Commission Podium in Budapest. Special thanks to Mr. Gábor Zupkó, the Head of European Commission Representation in Hungary. #euinvest #budapest #eu #commission #academia (at Hungarian Academy of Sciences)
How should Juncker’s investment fund be financed?
The battle over the new Juncker investment plan is ongoing between the EU institutions, and the timeline for getting it agreed by summer as pushed for by the Commission President is tight. One of the major issues is where the seed funding for the European Fund for Strategic Investment should be coming from.
On the surface, the member states in the Council agree with Juncker to cut spending in infrastructure and research. Yet, in a statement added to the CORPER minutes of 5 March 2015, Belgium stated that it “regrets that the budget lines related to grants in both Connecting Europe Facility (CEF) and Horizon 2020 are subject to the reallocation/redeployment during the period between 2015 and 2020 in order to provide the necessary payments to the EU guarantee fund that shall be established under EFSI ” (p.15).
Interestingly, this is the position of the European Parliament, which is in a fight with Commission President Juncker over this issue. It doesn’t look like Belgium will have enough weight to join their fight, but it shows that the controversy over 8 billion Euro is far from resolved.