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Lithuanian Finance Minister Rimantas Šadžius and his French counterpart, Michel Sapin, seek that European Commission President Jean-Claude Juncker's plan to boost European economic growth should be implemented by the end of this year.
Rimantas Šadžius
© DELFI / Tomas Vinickas

"A subject that unites us is support for investments, attracting of investments and the so-called Juncker plan. In this respect, we have absolutely the same opinion regarding both the principles and measures to ensure the fastest possible and most efficient implementation of the Juncker plan by the end of this year," Sapin told reporters after meeting with Šadžius in Vilnius on Friday.

The Lithuanian minister told reporters that he also supports efforts to implement the plan by the end of this year. He said that the implementation of the plan would be a signal to the financial markets that the European economy has growth potential.
The investment plan is aimed at attracting around 300 billion euros in private investments by establishing the European Fund for Strategic Investments (EFSI). The fund is to be built on 5 billion euros from the European Investment Bank (EIB) and another 16 billion euros from the EU budget.

The Commission estimates that the guarantee totalling 21 billion euros will help attract 300 billion euros in private funds over three years. Brussels calls on individual member states to contribute as well.