Spain is the second country after Italy to benefit from the Juncker Plan, which ends in 2018. There are already 53 operations ongoing, with 4.5 billion euros financing from the EIB, which will facilitate the mobilisation of over 28 billion euros of total investment.
There has been a lot of song and dance about extending the ‘Junker Plan’ to promote investments of up to 630 billion euros over the next six years. But the fact is that, up to now, projects worth 116 billion euros have been approved under the auspices of the Plan, according to the European Commission (EC)’s own estimates.
BRUSSELS | March 5, 2015 | By Alexandre Mato | When presenting its annual report, ‘Going for growth’ in Brussels, the Paris-based institution raised some doubts about the ongoing recovery in Europe. Structural, long-term unemployment and low productivity in some Member States are becoming the main economic issues of concern, with neither investment nor fiscal adjustments seen as the antidote.
MADRID | The Corner | Spain is to be one of the first beneficiaries of the European Commission´s Investment Plan for Europe, with €3.2Bn being allocated to the country to support the SME sector.