The Juncker plan involves having the EU and its lending agency the European Investment Bank (EIB) provide a combination of cash and guarantees worth €21bn to a new European Fund for Strategic Investments (EFSI), which should be up and running by mid-2015.
The EIB would manage the new fund, and make grants to a large range of European projects, which could include renewable energy, transportation links and high-speed internet access.
The
