MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BRUSSELS WATCH: 'EFSI 2.0' Agreed In Principle; Extended 2020

MNI (London)
By Tara Oakes
     BRUSSELS (MNI) - The European Commission hailed Wednesday an agreement in
principle reached overnight on an extension to the European Fund for Strategic
Investments (EFSI).
     EFSI 2.0, as the project is being called, would see the timeline of its
funding extended to 2020 under the deal.
     The investment target has also been increased from E315bln to at least
E500bln, the EC added in a statement.
     EFSI is a key plank of the 'Juncker investment plan', and the progress on
the push for EFSI 2.0 comes hours before Commission President Jean-Claude
Juncker's State of the Union address.
     "With its increased firepower and duration, the EFSI will continue to be an
important driving force in the EU's economic recovery," Commission Vice
President Jyrki Katainen said in a statement.
     The new, more ambitious EFSI 2.0 political agreement worked out in
trilogies overnight still requires formal adoption by the European Parliament
and the Council before it comes into force.
--MNI Brussels Bureau; +44 203-865-3851; email: tara.oakes@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: M$E$$$,M$X$$$,MC$$$$,MI$$$$,MGX$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
USPolicy NewsFiscalGovernment sectorCEEMEAEurozoneGermanyFranceItalySpainUKPolitical RiskRegionNorth America
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
USPolicy NewsFiscalGovernment sectorCEEMEAEurozoneGermanyFranceItalySpainUKPolitical RiskRegionNorth America
To read the full story
Close
Why MNI
MNI is the leading provider
 of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.