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EU agrees on details of 315b euro investment and growth plan

Risky ventures to be funded via financial vehicle backed by an 8b euro guarantee

Published Thu, May 28, 2015 · 09:50 PM
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Brussels

THE European Union (EU) agreed on Thursday the final details of a 315 billion euro (S$464 billion) plan to boost investment and economic growth in the bloc, opening the way for the first funds to be disbursed in the autumn.

Launched by European Commission president Jean-Claude Juncker late last year, the plan aims to attract private money to help finance pro…

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