Economy
Monday 06 June 2016
The European Investment Bank (EIB) complained that “not right comes the investment engine in Europe in transition”. For EIB President Hoyer is in this respect the Juncker plan a bright spot.
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 underway,” Hoyer said the “Stuttgarter Zeitung”.
After all, is the plan of EU Commission President Jean-Claude Juncker, who for to provide 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, explained the former FDP General Secretary. 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.”
More about“I guess we have today pushed already a third,” Hoyer said. “The guarantee facility now allows us to take on projects more risk in order to pave the way for private investors in these projects.”
Earlier have the EIB had for a 5 billion euro, are now it 25 billion euros. All in all, passing on the interface between investment and innovation too little. In Germany, it hapere at universal coverage with fast internet.
Source: n-tv.de
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