Press Release: Spurring economic recovery: Parliament approves Juncker Plan rules

The European Parliament approved in plenary on 24 June 2015 the €315 billion investment plan for Europe, first announced by the European Commission in November 2014.

The plan aims at encouraging the financing of viable investments in the European Union. During negotiations with the Council of the European Union, the chamber managed to modify its financing structure, won a say in selecting its leadership and ensured more democratic oversight.

The Council was expected to give its final approval shorty afterwards. The 'Juncker plan' was expected to be fully operational by September 2015.

ESO: Background information: Investing in European projects: Council confirms agreement with EP on new fund http://www.europeansources.info/record/press-release-investing-in-european-projects-council-confirms-agreement-with-ep-on-new-fund/

European Parliament: Newsroom: Press Release, 20.04.15: MEPs vote on new fund to put EU investment plan into practice http://www.europarl.europa.eu/news/en/news-room/content/20150417STO42603/

European Commission: DG Communication: RAPID: SPEECH/15/5262, 24.06.15: Vice-President Katainen's speech at the European Parliament plenary debate on the Regulation for a European Fund for Strategic Investments (EFSI) http://europa.eu/rapid/press-release_SPEECH-15-5262_en.htm

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