Press Release: Economic and monetary affairs MEPs secure deal to boost infrastructure investment in the EU

A negotiating team led by Alain Lamassoure (EPP, FR) struck a political deal with the Council of the European Union and the European Commission on European Long Term Investment Funds (ELTIFs) on 26 November 2014.

ELTIFs should boost non-bank financing for projects that deliver infrastructure, intellectual property or research results which benefit the real economy and society. These funds will help pension funds, insurance companies, professional and even retail investors (if they are willing to invest at least €10,000 for the long term, whether in one or more ELTIFs) to put money into projects in their own countries, elsewhere in the EU and outside it, provided that these benefit the EU economy and growth.

European Commission: RAPID: STATEMENT/14/2200: Commissioner Jonathan Hill hails Parliament and Council agreement on Commission proposal for a new long term fund framework that will boost investment in Europe's real economy http://europa.eu/rapid/press-release_STATEMENT-14-2200_en.htm

ESO: Background information: Council agrees position on proposal to boost long-term investment in EU economy http://www.europeansources.info/record/press-release-council-agrees-position-on-proposal-to-boost-long-term-investment-in-eu-economy/

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