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EU leaders sign €315 billion investment plan

Staff writer |
European leaders have signed a three-year, €315 billion ($343 billion) investment program aimed at kick-starting the bloc’s economic growth.

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European Commission President Jean-Claude Juncker, President of the European Investment Bank Werner Hoyer, and European Commission Vice-President for Jobs, Growth, Investment and Competitiveness Jyrki Katainen signed the investment plan at the European Commission in Brussels.

"We need an investment plan of the type we have produced because there is a real problem when it comes to investments in EU," Juncker told a news conference at the signing ceremony.

The investment plan aims at mobilizing more private and public investment and at facilitating job growth and competitiveness by setting up a European Fund for Strategic Investments in the European Investment Bank to mobilize the €315 billion in new investments between 2015 and 2017.

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