Poland backs Juncker plan

Poland supports Jean-Claude Juncker’s investment plan, announced Artur Radziwiłł, Deputy Minister of Finance, during a session of the EU Affairs Parliamentary Commission. “Poland supports the establishment of the European Fund for Strategic Investments (EFSI), which is a key element of Juncker’s plan,” said Radziwiłł. The project scheme takes into account Polish demands raised during sessions of the Council of the European Union and EcoFin, he added. Radziwiłł informed that the criteria for the distribution of money will be based on the assessment of proposals. Poland has already presented €130 billion worth in projects, which would qualify for financing under the scheme. “We will benefit from the fund as our investment needs are huge,” he said. EFSI is the EU's flagship investment vehicle which has an objective to stimulate economic growth. As much as €315 is planned to be invested in the next three years.