Germany’s finance minister warned that his government would not make extra contributions to the EU’s planned €300 billion investment vehicle, as ministers clashed on how the programme should be set up.
The commission’s flagship investment programme is based on a €21 billion guarantee by the EU commission and European Investment Bank which the EU executive believes can generate a total of €315 billion over the next three years.
“We are not in favour of national government contribu...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.