Euroopa komisjoni esimees ajab udujuttu

Junker-package: a new smokescreen

The European Commission presented its so-called investment plan for the European Union. Obviously, Jean-Claude Juncker is better in tax optimization than in terms of economic development.

This package is a new smokescreen. It is a budget that relies on 21 billion euros of existing funds. The new European Strategic Investment Fund (ESIF) could lend three times that amount: 63 billion euros. And to reach the 315 billion announced, the Commission bets on a hypothetical effect of attraction for public and private funds while imposing cuts in public spending and not acting against financial speculation which is the cause of the 15%-drop in the level of investment in Europe since 2008.

No vision and no priority is defined for these investments which are to be left to the discretion of the future President of the ESIF and his “experts”. Not only the Commission has no development project for Europe but it confiscates developing the citizen and democratic control.

Quite simply, we must do the opposite. We must first put an end to austerity. Europe needs a democratically drawn up investment plan, funded by the power of money creation of the European Central Bank, directed to public services and industrial cooperation towards job creation and a new model of social and ecological development.

Pierre Laurent
President of the Party of the European Left

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