EU expecting 'huge gift from Santa', said UKIP's
EU Budget Spokesman, Jonathan Arnott,
The EU is expecting a ‘huge gift from Santa’,
according to UKIP’s EU Budget Spokesman,
Jonathan Arnott, as EU leaders gather in Brussels
to discuss a €315 billion investment fund proposed
by EU President, Jean – Claude Juncker.
according to UKIP’s EU Budget Spokesman,
Jonathan Arnott, as EU leaders gather in Brussels
to discuss a €315 billion investment fund proposed
by EU President, Jean – Claude Juncker.
The
fund, unveiled towards the end last month,
is planned to result in €315bn investment in the
EU economy in the forthcoming years, using a
guarantee of €16 billion from the EU budget and
€5 billion from the European Investment Bank (EIB).
Getting from €21bn to €315bn represents a leverage
ratio of 15, a figure that has triggered fierce criticism
that the European Commission is merely using figures
which ‘don’t add up’.
is planned to result in €315bn investment in the
EU economy in the forthcoming years, using a
guarantee of €16 billion from the EU budget and
€5 billion from the European Investment Bank (EIB).
Getting from €21bn to €315bn represents a leverage
ratio of 15, a figure that has triggered fierce criticism
that the European Commission is merely using figures
which ‘don’t add up’.
UKIP’s
EU Budget Spokesman, Jonathan Arnott MEP,
said "In the run-up to Christmas, the European Council
will be holding a meeting about Juncker's proposed
€315 billion investment Plan for Europe. With the
European Union contributing just €16 billion and
the Investment Bank €5 billion, the only way that
this will work is if they receive a huge gift from Santa
because the economic reality is that the figures just
don't add up. "Private companies aren't going to
contribute 15 times what's put in by Europe unless
there's an incredibly sweet deal for them, which means
a bad deal for the taxpayer. After the recent British
experience of the disaster which was Labour's PFI
initiative in the NHS, I don't expect people in the UK
to warm to Mr. Juncker's Ponzi scheme."
said "In the run-up to Christmas, the European Council
will be holding a meeting about Juncker's proposed
€315 billion investment Plan for Europe. With the
European Union contributing just €16 billion and
the Investment Bank €5 billion, the only way that
this will work is if they receive a huge gift from Santa
because the economic reality is that the figures just
don't add up. "Private companies aren't going to
contribute 15 times what's put in by Europe unless
there's an incredibly sweet deal for them, which means
a bad deal for the taxpayer. After the recent British
experience of the disaster which was Labour's PFI
initiative in the NHS, I don't expect people in the UK
to warm to Mr. Juncker's Ponzi scheme."
