Juncker address brings twofold increase in “Juncker Fund”
Share article:
Share article:

Juncker address brings twofold increase in “Juncker Fund”

© Belga
Juncker makes his 2016 “State of the [European] Union address”.
© Belga

The President of the European Commission Jean-Claude Juncker announced today (Wednesday) in his “State of the [European] Union address” that he wanted to increase the European Fund for Strategic Investments. Initially, the Fund had been allocated 310 billion euros through to 2018, but Juncker now wishes to bring this up to a total of 500 billion euros by 2020 and 630 billion by 2022.

He called for a “willingness to overcome differences and divisions” to ensure future generations of Europeans a Europe which maintains their lifestyle, and both defends and protects them.

Juncker’s second “State of the [European] Union address” was the occasion to acknowledge that Europe is still not in peak condition, with high unemployment.

He observed, “We can definitely say that Europe is not ‘social enough’ and we must remedy this state of affairs.”

The Commission President stressed that public debt remains as high as it ever has.

He commented, “We must apply the Stability and Growth Pact flexibly, so that it is not an obstacle to growth.”

To assist in jump-starting growth, Juncker also wishes to increase the lifetime of the European Fund for Strategic Investments, often called the “Juncker Fund”, and double its financial capacity.

The Commission President’s proposals are to extend the Fund until 2022, by which time the amount made available for expenditure will have been increased to a total of 630 billion euros.

The Brussels Times

Latest news

More politicians than ordinary citizens at the Conference on the Future of Europe
The second Plenary of the Conference took place on Saturday in the European Parliament in Strasbourg and discussed the contributions from the ...
Belgium’s Consultative Committee to meet on Tuesday
The next meeting of Belgium's Consultative Committee, scheduled for Friday, has been brought forward to Tuesday at 4:30 PM, according to local media ...
Coca-Cola, Pepsi and Unilever are world’s biggest plastic polluters
Coca-Cola, Pepsi, and Unilever were found to be the world's biggest polluters of plastic in a report published by Branded on Monday. Over 11,000 ...
Four men charged with illegally buying thousands of live ducks to hunt on private land
Four Belgian men will appear in court on Monday facing charges related to the purchase of thousands of ducks, which were then released into a private ...
More wolf attacks: 15 deer killed at family resort over the weekend
Fifteen deer were killed by wolves in the Belgian province of Limburg this weekend, between Saturday night and Sunday morning. The deer were ...
Cost of breast cancer still too high for many patients
Breast cancer still carries too high a cost for patients when one in nine women in Belgium will face the disease before reaching 75, according to a ...
Gare Maritime: Brussels’ most exciting new architectural project
A generation ago, the Gare Maritime in the Tour & Taxis industrial site was an abandoned wasteland. It is now a model for urban renewal and ...
Belgium in Brief: Rules For A Fourth Wave
It's the news that nobody wants to hear, but here we go again. Belgium’s council of ministers will hold an emergency meeting on Monday to discuss ...
Belgian grandparents to walk across Scotland for COP26
A group of Belgian grandparents has set off on a 100 km hike that will take them from Belgium to the Scottish city of Glasgow, just ahead of the ...
Rise in fuel prices will bring Belgian State €547 million in tax, say Workers Party
The sharp rise in fuel prices that have been felt across the continent will bring an additional €547 million to the Belgian State, the Workers' Party ...
Amid backlash, Brussels police chief promises to do better for sexual assault victims
After multiple rallies against sexual violence took place in Brussels last week, with victims offering testimony of poor treatment from police when ...
Person hit by train in Brussels
A person was hit by a train in the tunnel between Brussels North and Brussels Central at around 10:20 AM on Monday, railway network manager Infrabel ...