Page 2 - ePaper
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Contents
1. Why is this approach to investments new and different? .............................................................. 2
2. Why a new European Fund for Strategic Investment (EFSI)?.......................................................... 2
3. How will the fund work in practice?................................................................................................ 3
4. How is this different from what the EIB is already doing?.............................................................. 3
5. What is the added value compared to what exists already? .......................................................... 3
6. There is enough money in the system. Why should the private sector not finance these
projects alone? ................................................................................................................ ................ 3
7. The problem is not the money but the lack of risk-bearing capacity to finance projects............... 4
8. Europe needs much more: this is a drop in the ocean.................................................................... 4
9. What will be the impact on jobs and growth? ................................................................................ 5
10. People and companies cannot wait: when will we see the effects? Who will deliver?................. 5
11. The problem is too much red-tape and regulatory burden. What will the Commission do about
it?............................................................................................................................ ......................... 6
12. Why don't you propose a new capital increase for the EIB instead?.............................................. 6
13. Where does the money really come from?..................................................................................... 6
14. What is the share of public versus private money and why?.......................................................... 7
15. How is the Fund financed? .................................................................................................. ............ 7
16. How is the EU guarantee constituted?............................................................................................ 7
17. What is a multiplier effect? ............................................................................................... .............. 7
18. How did you get the multiplier effect of 1:15?................................................................................. 8
19. Is tax-payers' money at risk? What if the guarantee of the EU budget is called upon? ................. 8
20. What will the Fund do exactly? What projects will it finance? ....................................................... 9
21. What about competition law screening of the selected projects?................................................... 9
22. What will be done for SMEs in particular?...................................................................................... 9
23. How can Member States participate? Is this interesting for them? ............................................. 10
24. How can private investors participate? Is this interesting for them? ........................................... 10
25. How is the money going to be spent? Who will decide on the projects? How can we be
sure that money is spent on viable projects (and not "white elephants")?.................................. 10
26. Who is going to ensure the Fund is well run and that public money is well used? ...................... 11
27. What will be the role of the European Parliament?...................................................................... 11
28. What is the role of the Court of Auditors?.................................................................................... 11
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1. Why is this approach to investments new and different? .............................................................. 2
2. Why a new European Fund for Strategic Investment (EFSI)?.......................................................... 2
3. How will the fund work in practice?................................................................................................ 3
4. How is this different from what the EIB is already doing?.............................................................. 3
5. What is the added value compared to what exists already? .......................................................... 3
6. There is enough money in the system. Why should the private sector not finance these
projects alone? ................................................................................................................ ................ 3
7. The problem is not the money but the lack of risk-bearing capacity to finance projects............... 4
8. Europe needs much more: this is a drop in the ocean.................................................................... 4
9. What will be the impact on jobs and growth? ................................................................................ 5
10. People and companies cannot wait: when will we see the effects? Who will deliver?................. 5
11. The problem is too much red-tape and regulatory burden. What will the Commission do about
it?............................................................................................................................ ......................... 6
12. Why don't you propose a new capital increase for the EIB instead?.............................................. 6
13. Where does the money really come from?..................................................................................... 6
14. What is the share of public versus private money and why?.......................................................... 7
15. How is the Fund financed? .................................................................................................. ............ 7
16. How is the EU guarantee constituted?............................................................................................ 7
17. What is a multiplier effect? ............................................................................................... .............. 7
18. How did you get the multiplier effect of 1:15?................................................................................. 8
19. Is tax-payers' money at risk? What if the guarantee of the EU budget is called upon? ................. 8
20. What will the Fund do exactly? What projects will it finance? ....................................................... 9
21. What about competition law screening of the selected projects?................................................... 9
22. What will be done for SMEs in particular?...................................................................................... 9
23. How can Member States participate? Is this interesting for them? ............................................. 10
24. How can private investors participate? Is this interesting for them? ........................................... 10
25. How is the money going to be spent? Who will decide on the projects? How can we be
sure that money is spent on viable projects (and not "white elephants")?.................................. 10
26. Who is going to ensure the Fund is well run and that public money is well used? ...................... 11
27. What will be the role of the European Parliament?...................................................................... 11
28. What is the role of the Court of Auditors?.................................................................................... 11
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