EP Budgets Committee discusses Juncker Investment Plan
On 2 March 2015, the Budgets and Monetary Affairs Committee of the European Parliament held an expert hearing on the Juncker Investment Plan proposals. During the discussion, MEPs emphasised that the European Fund for Strategic Investments (EFSI) must focus on currently underfunded areas, so as to complement, not duplicate, other EU budget tools.
Amongst other issues, MEPs called for "resources from the new fund to go to higher-risk investments, such as green growth", avoiding project selection "to remain a black box” and ensuring cohesion among them, while also addressing market failures. They also asked the speakers about a specific plan for small and medium-sized enterprises (SMEs) and a possible reduction of the EU budget contribution while increasing the EIB's contribution.
There will be another debate on the draft report at the Budgets and Economic and Monetary Affairs Committee on 12 March 2015, with the Committee voting on it on 20 April 2015. The EP plenary vote is envisaged for June 2015.
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