Brussels, 13/11/2014 (Agence Europe) - European Commissioner for Jobs, Growth, Investment and Competitiveness Jyrki Katainen, has warned that the €300 billion plan to be presented by the European Commission before Christmas is not a silver bullet to get the EU out of crisis.
“We have to be realistic”: this plan is “not a magic wand” with which we will be able to “miraculously” get out of our current economic difficulties, he warned, at the Tatra summit in Bratislava, on Wednesday 12 November. He said that the initiative would be based on the following triptych: finance, viable projects and a deepening of the market. “The removal of sector-specific and financial market barriers to investment, together with the deepening of the single market”, will provide the European economy with far greater benefits than the funding under the investment plan, said the former Finnish liberal prime minister. (MB)