EU nears approval of 'Juncker plan' extension
A representative of European Member States and the European Parliament agreed on Wednesday to increase the lifetime of the European Investment Bank's European Fund for Strategic Investments (EFSI) until 2020, with the aim to triggering a total of €500bn in investments in the EU economy.
The deal is nevertheless only provisional, and still has to be fully approved by Member States. Estonia, which was negotiating on behalf of the other state on the Council of the EU, had to slightly overstep the mandate that it was given to reach a compromise.
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