Michael Noonan (Limerick City, Fine Gael)
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Yes, the general statement by President Juncker when he took over was that the Commission is going to invest and we should get ready. Of course there will also be pan-European projects. One of the major European projects which must be funded is a European energy network to match the roads network across Europe, because the dependency of Europe on outside sources of energy and the ineffectiveness of the distribution systems is one of the big weaknesses in the European economy.