Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

But a national conflict the EU is funding one side of in terms of armaments companies. It seems again that the direction that this is going goes further in the direction of the so-called "Juncker investment plan", the European Fund for Strategic Investment. The Commission envisages more money would be allocated to that in the coming MFF. Could the Commissioner confirm that?

The language around it is about mobilising private investment. The mathematics for the Juncker plan were ridiculous. It started with €8 billion and ended up with €350 billion magicked out of nothing. However, it illustrated the fact that it was predicated on private investment. Is this not about the public taking the risk of investment in infrastructure and the private sector ending up with profit gains in schools, hospitals or whatever? It is like a public private partnership model that always results in the public taking the risk and the private sector taking the profit.