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On 26th November the President of the European Commission Jean-Claude Juncker unveiled a plan that is designed to raise 315 milliards € in investments in order to revive growth and to "put Europe back on track". He announced the creation of a European Strategic Investment Fund. His plan is based in part on the European budget and in part on that of the European Investment Bank (EIB), which are due to provide 21 billion € in guarantees to attract private investors. The 21 billion € are to serve as "shock-absorber" in order to attract private resources - by offering them a sound guarantee which are not being invested in the real economy at present. A leverage effect should lead to the mobilisation of 315 billion €. The idea is that the fund should support projects that are riskier than those supported at present by the EIB.
The Moldovan general elections on 30th November next will be taking place at a crucial moment for the country, both for domestic and external reasons. Over the last few years Moldova has stood as the "success story" of the Eastern Partnership – even though there are still many reforms to be made, e.g. on corruption and institutional reforms. This model remains extremely fragile however for economic, political and geopolitical reasons. This is why Moldova has found itself in a difficult position during the crisis in Ukraine, which, apart from dividing public opinion, is also a source of fear over the sovereignty of Transnistria. The future of Moldova is still open as the electoral outcomes are still uncertain, leaving the country with several scenarios.
The Chairman of the Robert Schuman Foundation, Jean-Dominique Giuliani is the author of "Pourquoi et comment l'Europe restera le coeur du monde - Petit traité d'optimisme". This book published by Lignes de Repères available in paper and in digital format (e-books and tablets), was awarded the Emile Girardeau Prize from the Academy of Moral Science and Politics on 17th November.
The European Union is undergoing a crisis of democratic legitimacy. Confidence in the EU and its institutions is at an all-time low and many Europeans criticise how democracy is being implemented in the Union. For several years the gap between the community's institutions and its citizens seems to have widened. The latter believe that their voice is not heard, they believe the EU is too distant from their concerns and that it is not very transparent. To recover legitimacy the EU has to reduce this democratic deficit and recreate a link with the citizens of Europe. Some initiatives have been undertaken to do this but they seem to be inadequate. Other things must be done and this is one of the challenges facing the new Commission over the next five years.
Klaus Johannis (National Liberal Party, PNL), Mayor of Sibiu and member of the Democratic Forum of Germans of Romania (FDGR) won the second round of the presidential election that took place on 16th November in Romania. The right-wing opposition candidate won 54.5% of the vote against 45.5% for Victor Ponta, outgoing Prime Minister and chair of the Social Democratic Party (PSD). Turnout was high and totalled 61.5%, i.e. 3.48 points more in comparison with the second round of the previous presidential election on 22nd November 2009 and 8.33 points more in comparison with the first round.
Just as the European Commission presided over by Jean-Claude Juncker is entering office Jean-Dominique Giuliani, the Foundation's Chairman has published an editorial on his site "2014, a turning point for Europe" in which he recalls the economic and security challenges that Europe has to rise to in order to revive hope and confidence.
The European Commission whose President is Jean-Claude Juncker entered into office on November 1st. Consult the organisation of the Commission, its members, its road map and its priorities.
Christine Lagarde, Managing Director of the International Monetary Fund, and Wolfgang Schäuble attended the conference organized by the Robert Schuman Foundation in Paris on July 18, 2014 about the future of the euro area.