Almost one third of Juncker Plan innovation loans went where they weren’t needed and claims the plan “mobilised” an additional €335 billion were “overstated,” says the European Court of Auditors. EIB chief disputes the auditors’ methods, and Commission says they lack "the full picture."
Fiscal stimulus plan has to date unlocked €257B in public and private funding for infrastructure projects across the EU, the president of EIB told MEPs, as he defended fossil fuel investments and anticipated the fallout from Brexit
The European Commission is hoping a new public-private fund of funds can bolster venture capital markets and funnel money to start-ups, while providing competition to the dominant European Investment Fund
After raiding Horizon 2020 funds, the European Fund for Strategic Investments is attracting private investment and on course to reach its €315B target. But the low risk projects it is financing are not wholly innovative - only one involves a research organisation