Belgium is 12th biggest beneficiary of Juncker Plan

Belgium is 12th biggest beneficiary of Juncker Plan

Belgium is in 12th place among European Union (EU) members benefitting from the effects of the Juncker Plan, which has lived up to its aim of mobilising 315 billion euros in additional investments since its launch in 2015, according to European Commission documents published on Wednesday. With 1.949 billion euros in financing approved and 8.532 billion expected, Belgium is in the middle of the 28, based on its investments-to-GDP ratio, coming just behind France.

Greece and Estonia top the rankings, in front of a lead group comprising countries that are mainly in Eastern and Southern Europe: Lithuania, Bulgaria, Finland, Poland, Spain, Portugal, Lithuania and Italy.

These are the regions that needed to be helped, said European Investment Bank (EIB) president Werner Hoyer.

European Commission President Jean-Claude Juncker announced that 898 operations had been approved thus far. Together they should generate 335 billion euros in investments in the 28 EU member States.

The Brussels Times

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