(ANSA) – BRUSSELS, 13th JAN – Advance the definition of the operation and the operational aspects of the Plan Juncker, with the proposal submitted today by the EU Commission on the functioning of the governance of the new Investment Fund (Efsi), the contributions and the choice of projects.
To determine the general orientation Investment dell’Efsi will be a steering board, which will act in line with the recommendations of the Commission and will be made in proportion to the capital paid by members of the Beautiful and the same EU executive. Fund, open to the participation of EU countries and their agencies or promotional banks but also to individuals and entities outside of the EU prior ok for those who already participate, decisions will be taken by consensus. In the case of participation in the Fund other countries or entities, the weight of the votes will be proportional to the contributions paid and the decisions will be taken by simple majority in case of lack of consent. EIB and the Commission, however, will have the right of veto. There will also be an Investment Committee, composed of six independent market experts and a director appointed by the steering board on a proposal from the Commission and the EIB, which will consider and decide on th e individual projects, without geographical or sectoral shares.
It is now up to EU Council and Parliament to examine and give the green light to the Commission proposal, presented with an ordinary legislative procedure. (ANSA).
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