Ecofin green-lights EFSI agreement

The 28 finance ministers gave the green light, on 19 June, to the agreement reached on 28 May with the European Parliament on the European Fund for Strategic Investments (EFSI). The EP is expected to adopt its formal position at the plenary session on 24 June. If all goes smoothly, the EFSI could be operational in September, notes the Commission. The stumbling block during the negotiations was the EU guarantee (€16 billion, with another €5 billion from the European Investment…