EU Investment Plan Alone ‘Not Enough:’ Commission’s Katainen

Europe needs investment beyond the ~EU300b program planned by the EU, European Commission Vice President Jyrki Katainen says in interview on Finland’s YLE TV1.

  • “The level of investment is about EU300b lower than the long-term average. That’s very worrying. When investments aren’t made, competitiveness doesn’t improve and the ability to employ people doesn’t improve.”
  • “The ~EU300b program to boost investment is spaced over 3 years. It won’t resolve anything on its own, but hopefully gets investment going.”
  • Says Nordic Investment Bank should direct some lending to higher-risk private-sector investments