Stephen Donnelly (Wicklow, Independent)
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The combination of the European Investment Bank fund and Commission money is looking to do that. They have said they will underwrite the first 7% and are looking for scaling of approximately 15 to 1 of private investment money to public money. They will not get 15 to 1 but that is what they are looking for. They are saying they are willing to underwrite the risk to the tune of approximately 7%. Through quantitative easing, QE, Draghi is flooding the market with free money. If the EIB and the Commission are already willing to underwrite private enterprise with public money and the ECB is flooding Europe with free cash, why is that not enough?