The European Fund for Strategic Investments (EFSI) is Commission President Jean-Claude Juncker´s flagship initiative. However, the European Parliament´s intention to erase a separate entry in the EU budget for financing the Union’s €16 billion guarantee to the EFSI threatens to weaken its pillars. The legislators´ move has prompted a counter-attack from Juncker.
Referring to unnamed sources close to the president, the Spanish daily El País reported, on 16 March, that Juncker is ready to withdraw the EFSI proposal in its…