Horizon haircut boosting 2 mill new jobs ?

The International Labour Organisation, ILO, backs Juncker´s € 315 bn investment plan and says it has the potential to create more than 2 mill new jobs. Using a small amount of public money to lever in private capital can complement the monetary measures recently announced by the European Central Bank.

Parts of "the small amount of public money" will come from a haircut of EU´s research and innovation programme Horizon 2020. Research organisations don´t like this part of the investment plan at all. The European Association of Research and Technology Organisations  have published a statement expressing deep concerns about the proposal and says it offers little reassurance that the investment plan projects will effectively aim at supporting R&I activities.

The Council and the European Parliament will decide on details of the investment plan later.