Oireachtas Joint and Select Committees

Tuesday, 6 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

EU Finances Post-2020: European Commissioner for Budget and Human Resources

3:15 pm

Mr. Günther Oettinger:

First, the Deputy's colleagues in the European Parliament agreed. The Junker plan is a plan of the European Parliament and of the Council. We do not take all of the risks; we are taking some risk. We are reducing the level of risk via the EIB and the Juncker plan. These so-called new financial instruments are not just European instruments. It is a usual instrument used by many member states and by countries inside and outside Europe for funding to reduce the risk and to give some guarantees to attract projects and to activate private investors.