On the evening of Tuesday 12 September, the representatives of the European Parliament and of the Council of the EU reached a political agreement on the legislative proposal aiming to double the duration and firepower of the 'Juncker' investment plan, a year after it was proposed by the President of the Commission in his 2016 State of the Union speech.
What sets this investment plan apart is the fact that rather than directly subsidising projects, the Community budget is used to provide a...