Apart from the support to European SMEs, it is impossible at this stage to state positively that doubling the fire-power and duration of the European fund for strategic investments (EFSI), the financial arm of the “Juncker plan”, is justifiable, the Court of Auditors of the EU stated in an opinion published on Friday 11 November.
In mid-September, the European Commission proposed that the Juncker plan be able to draw down €630 billion in additional investments by 2022, having been...