: :inin Kyiv (EET)

EU Summit Addresses Russia, Jumpstarting Growth


BRUSSELS—European Union leaders met Thursday to seek solutions to two major challenges —how to jumpstart sluggish economic growth at home, and how to deal long-term with Russia.
On the economic front, European Council President Donald Tusk, the official host of the 28-nation summit, said he expected attendees to call for the urgent establishment of a strategic investment fund.
The fund is supposed to leverage EU seed money and loan guarantees into up to 315 billion euros ($386 billion) of private-sector investment to upgrade infrastructure, create jobs and stimulate growth.
The plan is that of European Commission President Jean-Claude Juncker. Critics have already warned …read more

Source: The Epoch Times

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