(MENAFN- Kuwait News Agency (KUNA)) Leaders of the 28-member European Union have called for setting up of a European Fund for Strategic Investments (EFSI) in the European Investment Bank with the aim to mobilise 315 billion euro in new investments between 2015 and 2017.
"The aim of Jean-Claude Juncker, the author of this plan and the main person tonight, is to mobilize 315 billion Euro between 2015 and 2017. To achieve this, leaders want the funds to be in place by next June. Also the European Investment Bank got the green light to start doing its own part from January on," the President Of the European Council, Donald Tusk, told a press conference after the meeting late Thursday. On his part, President of the European Commission Jean-Claude Juncker told the joint press conference that "the package was received favourably. The volume of the package was welcomed." The EU leaders also discussed the latest political developments in Ukraine, and welcomed the country's determination to carry out political and economic reforms.
They said in their conclusions that "the situation in eastern Ukraine remains a strong concern. The Union's policy of not recognising the illegal annexation of Crimea and Sevastopol was further tightened today." "The EU will stay the course; the European Council is ready to take further steps if necessary. All parties, including Russia, should actively engage in and implement fully the Minsk agreements," it added.
The EU summit, the first chaired by Tusk, was initially planned for two days but he reduced it only to one day. (end) nk.rk
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