There is “no regional discretion” available in the EFSI

There is “no regional discretion” available in the EFSI

On January 29, the European Parliament Committee on Employment and Social Affairs (EP EMPL) met for an exchange of views without document in relation to the file “European Fund for Strategic Investments”. Laura Agea criticised that the resources of the EFSI have been to a large extent diverted from EU budgetary resources that had previously already been earmarked for the EU’s research programme Horizon 2020.

She also questioned whether the plan can in practice really be operational and take effect even before 2016 and if whether the EFSI’s scheme to drive private investments will actually work out. She also mentioned that some regions may in the end be favoured over others because there is “no regional discretion” available in the EFSI. Finally, she noted that an Italian contribution in the EFSI context could in the end fund Irish infrastructure and suggested that it may be more practical to invest directly via national budgets.

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Laura Agea

MEP involved

Laura Agea