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
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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 projects across Europe that have so far struggled to get off the ground.
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