Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, welcomes today’s vote on the Regulation establishing the European Fund for Strategic Investments (EFSI) in the European Parliament’s committees on Budget and Economic and Monetary Affairs. After Member States agreed their position on the legal text unanimously in March, today’s step means that negotiations on the centre-piece of the Investment Plan for Europe can now enter the final phase.
The talks between co-legislators should lead to an agreement as quickly as possible, allowing for final adoption this summer. Practical arrangements are already underway to ensure that the EFSI becomes operational as quickly as possible and that funds start flowing to projects by September at the latest.
As always, the Commission will assist the co-legislators during the trilogue negotiations to agree on a compromise text that ensures that the EFSI is based on sound, stable and predictable foundations and delivers on the objectives to mobilise private and public financing for jobs and growth.