National governments give the green light for successor to the Juncker Plan, and want to set up an independent committee to help oversee the €38 billion loan guarantee fund
MEPs approve €11.25B for research and innovation, as part of €38B InvestEU loan guarantees programme. The scheme will stimulate additional investment of €650B, the commission claims
EU will put in a guaranteed €38 billion in a bid to catalyse €650B of private investment, of which research, innovation and digital projects will get €200B
Jyrki Katainen tells MEPs they will retain scrutiny over the InvestEU umbrella fund, under which the Commission is proposing to centralise all EU investment schemes
MEPs are unhappy with the EIB pre-empting approval of the investment fund by the European Parliament. Others are concerned about a return to spending on ‘white elephant’ infrastructure projects