InvestEU Fund: A Rebranded Juncker Fund?
Almost four years ago, EU leaders endorsed the idea of the then recently appointed president of the Commission Jean-Claude Juncker to launch an “Investment Plan for Europe”. The main element of this Plan was the creation of a new type of instrument, the “European Fund for Strategic Investments” (EFSI), popularly known as the “Juncker Fund”. In June 2018, the Commission released its proposal of a “InvestEU Fund”, the EU’s investment instrument which will replace the “Juncker Fund” after 2020. According to the Commission, the new Fund builds on the experience of the EFSI but how similar is it to it? Is it just a rebranding operation or are we in front of a different instrument?