Sueddeutsche Zeitung reports that Jean-Claude Juncker wants to mobilise €300bn within three years in order to boost the European economy claiming that some of the ESM Eurozone bailout funds could be diverted into the investment package and that the European Bank of Investment in Luxembourg may provide an additional €60bn.
SZ reports that Juncker and his team is looking for ideas and projects to make this happen- tapping private and public money. Unused funds in the ESM "temporally and proportionally limited" may be pushed to investment. Juncker was reported as looking for "politically and technically implementable ideas."
However, the German Finance Ministry has reportedly dismissed the claims as “mind games”.
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