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situation report

May 28, 2015 | 16:35 GMT

1 min read

EU: Lawmakers Reach Informal Deal On Juncker Plan

The European Parliament reached an informal agreement May 28 with EU member states on a 315 billion euro ($342 billion) public and private investment fund known as the Juncker Plan, EU Observer reported. The negotiations led to fewer cuts being made to the Horizon 2020 research program as well as to the Connection Europe Facility to integrate digital, energy and transport infrastructure. The European Parliament will have its final vote June 24. If approved, the plan will initiate in the summer.

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