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PES Finance Ministers call for a European Investment Plan that delivers growth and jobs

The Finance Ministers of the Party of European Socialists met today at the PES Headquarters in Brussels to coordinate their position ahead of the ECOFIN Council meeting. The Ministers discussed the progress on the negotiation on the European Fund for Strategic Investment (EFSI) and focused on the key issues currently being debated between the European Institutions. 

The Ministers reiterated the urgent need to develop a European Investment Plan that is of added value to all Member States and that actively contributes to fostering economic growth and employment.

Finance Minister Rimantas Sadzius and chair of the PES ECOFIN Ministers meetings stated: "In the current social and economic European context it is imperative to kick start investment immediately. The European Investment Strategy is an initiative with great potential. In order for it to perform at its best capacity the appropriate financial means have to be mobilized and invested in the sectors with the best growth return. The European Investment Plans main purpose is to increase Europe’s internal demand, to reduce the high unemployment levels and to stimulate economic activity. Europe deserves a solid and ambitious Investment Plan and this is what we are working towards achieving."

The meeting also attended Croatian Finance Minister Boris Lalovac, French Finance Minister Michel Sapin, Vice Chairman of the SPD in the Bundestag Carsten Schneider, Italian Finance Minister Pier Carlo Padoan, Maltese Finance Minister Edward Scicluna, Slovakian State Secretary at the Ministry of Finance Vazil Hudak, Dutch Finance Minister Jeroen Dijsselbloem, Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici, Vice President of the S&D Group in the European Parliament Maria Joao Rodrigues, Chair of the Economic and Monetary Affairs Committee Roberto Gualtieri, Member of the European Parliament Udo Bullmann, and Deputy Secretary General of the PES Yonnec Polet.      

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