|
|
Article: SPRING SUMMIT : EU LEADERS RATIFY LISBON RE-LAUNCH AND CALL FOR MORE INVESTMENT.
- Article from:
- Europe Energy
- Article date:
- April 6, 2006
CopyrightCOPYRIGHT 2006 Europolitics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
At French President Jacques Chirac'sarequest (who was in reality repeating one of Eurogroup Chairman Jean-Claude Juncker's ideas), the paragraph in the European Council's conclusions devoted to the support for innovation was eventually padded out before being endorsed by EU heads of state and government. Whereas the original version of the text was limited to inviting the European Investment Bank (EIB) "to strengthen its action by way of a shared risk finance mechanism as soon as possible", the Council has requested nearly 30 billion in venture capital and guaranteed bank loans to be made available by the new financial instruments based on co-funding from the EU budget ...