Investment plan for Europe
The Council agreed its negotiating stance on a European fund for strategic investments, enabling negotiations with the European Parliament to start rapidly.
The fund is part of a plan aimed at mobilising more than €315 billion in private and public investment, thereby facilitating economic recovery, job creation and long-term growth and competitiveness.
The aim is to reach an overall agreement by June, so as to enable new investments to begin as early as mid-2015.
"There is strong political support amongst member states for this initiative", said Janis Reirs, minister for finance of Latvia and president of the Council. "In the current economic context, there is a clear understanding that we need to deliver rapidly new investments in Europe."