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The Knowledge-Sharing Platform

16 Apr 2015

New EP and Committee of the Regions Intergroup discusses EFSI improvements with EC

Members of the European Parliament and the European Committee of the Regions (CoR) met for the first time as the newly established European Parliament's Long Term Investment and Reindustrialisation Intergroup on 13 April 2015. At the meeting, CoR President Markku Markkula once again emphasised the importance of the Juncker Plan for Europe's regions and cities and called for a stronger role for regional investment platforms which should be jointly established and managed by regional authorities and promotional banks.

Dominique Riquet MEP, who chairs the Intergroup, stressed the potential of the Juncker Plan to restart long-term investment in Europe, but also argued that improvements were needed to ensure it was successfully implemented. Amongst other arguments, Mr Riquet said that the European Fund for Strategic Investment (EFSI) should avoid diverting resources from Horizon 2020 and the Connecting Europe Facility and find alternative financing sources.

European Commission Vice-President Jyrki Katainen, who also spoke at the meeting, stated that the roll-out of the Juncker Plan needed to go hand in hand with a faster completion of the EU single market.

The CoR is due to adopt an opinion on the EFSI at its plenary meeting on 16-17 April 2015.

For more information:

Committee of the Regions press release

European Parliament Long Term Investment and Reindustrialisation Intergroup

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