Short News
Monday 06 June 2016
The President of the European Investment Bank (EIB), Werner Hoyer, has complained a profound lack of investment in Europe. Through the so-called Juncker fund it would at best muted. “I am concerned to a large extent, because the investment engine in Europe not really gets going,” Hoyer said the “Stuttgarter Zeitung”.
After all is the Juncker plan to make for more dynamic, but a good start. “I guess we have already pushed by the capital expenditure of 315 billion euros, which we intend to unleash within three years one-third,” said Hoyer.
The EIB plays a key role in this program , Without this risky but promising projects would no longer be financed, Hoyer explained. Apart from Juncker fund investment activity in Europe is, however, very hesitant. Banks and pension funds currently alike prefer negative interest in purchase to give than money for innovative purposes. “The continuing low interest rates has become an interest case. Lower interest rates will no longer trigger higher investments.”
Source: n-tv.de
No comments:
Post a Comment