Main results of the Economic and Financial Affairs Council

The Council discussed a proposal to establish a European fund for strategic investments, which is expected to mobilise at least €315bn in private and public investment. The presidency confirmed plans to reach an agreement within the Council in March 2015, maintaining a schedule that should enable new investments to begin as early as mid-2015. “Today we received broad support for the approach we have been suggesting on a number of key issues”, said Jānis Reirs, Minister for Finance of Latvia and President of the Council. “In the light of comments made by ministers, we shall now be issuing a first compromise proposal.”