EU Sources - New permanent investment fund needed - August 31, 2026

With the EU’s pandemic recovery fund being wound down, trade unions call for a new permanent investment fund to take its place if Europe’s economy is to catch-up with its competitors and create quality jobs. The European Commission has launched the final phase of the Recovery and Resilience Facility, which raised over € 500 billion in grants and loans for member states through joint borrowing as part of the Next Generation EU scheme. The Commission itself says the investment scheme may have increased the EU’s GDP by 1.4%. That is why the European Trade Union Confederation (ETUC) is calling for the establishment of permanent common investment tools, including through the issuance of common EU denominated bonds, with a view to developing a European fiscal capacity.

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