Juncker Plan extension: what will it mean?

Carole ULMER Director of studies, Confrontations Europe [vc_btn title= »Télécharger l’article » style= »outline » color= »blue » align= »right » i_icon_fontawesome= »fa fa-file-pdf-o » add_icon= »true » link= »url:http%3A%2F%2Fconfrontations.org%2Fwp-content%2Fuploads%2F2017%2F01%2FEN-Interface-106-ILT-p2.pdf||target:%20_blank »] When first launched, the Juncker plan announced two objectives: to put long-term investment at the top of the EU agenda and increase Europe’s growth potential. Eighteen months have passed, and the European Fund for Strategic Investments (EFSI) has played a role in mobilising €138.3 billion for new investments in 27 Member States. Confrontations Europe drew several lessons from this first phase at its conference on long-term investment in June 2016, and made a number of proposals for “taking it up a level”, for preparing for the future and for adapting the plan in response to criticism. On 14 September 2016, the Commission proposed extending the EFSI and increasing its strike force with a €500 billion target by 2020, recommending €630 billion by 2022. The ECOFIN Council has recently endorsed this proposal. The European