Pakistan News

Poland’s $8.7bn in Juncker plan

Poland’s $8.7bn in Juncker plan

BRUSSELS: Poland will commit $8.7bn as part of European Commission Presi­­dent Jean-Claude Juncker’s plan to boost economic growth, the EU said on Tuesday.

The EU’s proposed 315bn euro investment plan is a key project for Juncker.

The plan is intended to spur growth in Europe through an elaborate scheme involving the Euro­pean In­­vestment Bank and funds from the EU’s budget so that it does not further strain national coffers.

The commitment from Poland — France, Italy, Ger­many, Luxembourg and Spain — is a bittersweet success for the Commission.

Published in Dawn, April 22nd, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Similar News
Recent News
Back to top