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How to Invest in Europe

Werner Hoyer, president of the European Investment Bank, speaks during a Bloomberg Television interview at the Brussels Economic Forum in Brussels, Belgium, on Thursday, June 9, 2016. European Central Bank President Mario Draghi said fiscal policy should not work against monetary policy by curbing aggregate demand, and should be seen as a microeconomic tool to enhance growth. Photographer: Jasper Juinen/Bloomberg
European Investment Bank President Werner Hoyer wants more money, but the same flexibility.
  • Why it matters

    Why it matters

    The pan-European investment fund, running to as much as €500 billion, could finally bring the Continent’s economy out of its funk if invested properly.

  • Facts

    Facts

    • The European Fund for Strategic Investments was established in 2014 with the aim of triggering €315 billion in investment and creating 1.3 million jobs over three years.
    • European Commission Chief Jean-Claude Juncker in September said he wants to expand the fund to €500 billion by 2020 using funds from the E.U. budget and European Investment Bank.
    • The European Commission plans to direct 40 percent of the money raised into climate change-related investment.
  • Audio

    Audio

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Werner Hoyer, president of the European Investment Bank, has publicly backed European Commission chief Jean-Claude Juncker’s plans for a massive boost to investment in the 28-nation European Union.

But he also warned the E.U. executive arm against tying the hands of the bank, also known as the EIB, which will be tasked with managing where the new money goes.

Mr. Juncker announced in mid-September that he wanted to beef up the European Funds for Strategic Investments, an ambitious project set up in 2014  and designed to jumpstart the Continent’s flagging economy. Under the revised plans, the €315-billion ($350 billion) public-private fund would now have €500 billion made available by 2020 for large-scale investment projects.

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