As the EC adopts ‘The Juncker Plan’ S&P discusses its potential

EC President Jean-Claude Juncker

The European Commission’s “Juncker plan”– named after EC president Jean-Claude Junker – aims to deliver €315 billion of global investment through a pipeline of 2,000 projects – with the majority directed towards infrastructure development – over the next three years, but some doubt its potential.

Standard & Poor’s Mike Wilkins explains that, despite simulations showing that increased infrastructure investment will stimulate global economic growth and create jobs – each additional spend of £1 would potentially increase real GDP by £1.9 in the UK, for example – some people have dubbed the plan an overambitious ‘wish list’.

As a result of Moorgate outreach the news has been picked up by Euromoney, InfraNews and TFR.

Leave a Reply

Your email address will not be published.