- Investment - ============== Juncker proposed doubling his flagship investment fund to 630 billion euros ($707 billion) by 2022 in a bid to boost the economy. It finances projects deemed too risky by the EU's European Investment Bank and is designed to overcome a massive shortfall in investment since the 2008 world financial crisis. It works by leveraging about 21 billion euros in seed money from the EU budget and EIB into loans that back European start-ups. The EU also plans to subject internet services like WhatsApp and Skype to similar rules that traditional telecommunications firms face. He says the plan could raise 44 billion euros in investments, and up to 88 billion euros if EU member states contribute.

Source: Sunday Times September 14, 2016 13:07 UTC