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Economy Minister: Joint EU Investment Fund Would Be Good

(MTI) – Hungarian economy minister Mihaly Varga said implementing Poland’s proposal of creating a joint European Fund for Investments to boost economic growth would be beneficial for Hungary as well.

Speaking to MTI from Milan on Saturday, Varga said participants of the informal meeting of the European Union finance ministers reviewed the economic and growth outlook and also made some concrete proposals.

Of these, he highlighted the Polish initiative to establish a joint 700 billion euro investment fund involving private funds in order to revive the economy, primarily by investing in the energy, transport and ICT sectors.

The new fund would issue bonds with the joint backing of the European Union, without increasing the national debt of the guarantor countries, Varga said.


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