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The Council Presidency, as well as the Chairs and co-rapporteurs of the Economic and Monetary Affairs committee (ECON) and of the Committee on Budgets (BUDG) confirmed their resolve to work hard towards reaching agreement as quickly as possible, allowing for final adoption already this summer.
They agreed that making the European Fund for Strategic Investments deliver new investments for Europe fast will be crucial to bringing sustainable growth and jobs and boosting the green shoots of recovery. They have agreed milestones to guide the next steps of negotiations, setting a common agenda for the next two weeks in order to overcome differences between the two institutions' approaches.
The work will focus on a number of key elements to ensure that investment is channelled where it is most needed and brings the most value-added, and that the EU guarantee is irrevocable and unconditional and based on sound and credible grounds.
They welcomed the constructive start to the negotiations and expressed their confidence that the next trilogues will provide the opportunity to enhance the reach of the Commission proposal. It also will strengthen its impact in order to reap the full benefits of the Investment Plan.
