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The “Juncker” Plan: Existing EU programmes must be protected

The "Juncker" Plan: Existing EU programmes must be protected
A joint meeting of the Committee on Budgets and the Committee on Economic and Monetary Affairs will this afternoon adopt their recommendations for the European Fund for Strategic Investments, otherwise known as “the Juncker Plan”. Due to an unwillingness of EU Member States to back the plan financially, the proposal from the European Commission reallocates money from existing EU programmes, specifically €3.3 billion from the Connecting Europe Facility and €2.7 billion from Horizon 2020. ALDE opposes this funding method and calls for existing EU programmes to be protected.

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