Latest News

As part of the ongoing implementation of the EU recovery plan endorsed by the European Council in December 2008, the European Commission has today presented proposals to invest in key energy and Internet broadband infrastructure projects.

These will deliver a much needed stimulus to the EU economy in the short term, while at the same time targeting strategic goals such as energy security. All Member States will benefit from the package of measures.

Commission President José Manuel Barroso said: "The EU's Recovery Plan is all about 'smart investment' - a short-term stimulus targeted on long-term goals. That is exactly what the Commission has adopted today: a list of specific projects to direct € 5 billion of unspent money from the EU budget to build a stronger Europe for the long term. We need to learn the lessons of the recent gas crisis and invest heavily in energy. We also need to stimulate the European economy by providing information highways in rural communities. The Commission is committed to working together with Member States, all of whom will benefit from our proposed measures, in revitalising the EU economy through investment in these key areas."

Source: EU