Full name: European Fund for Strategic Investments

Known name: the Juncker plan - or at least a big part of it.

Financial target: 315 billion euros

Political target:  to kick-start growth and jobs

WHY?

The European Parliament successfully fought to reduce by a billion euros plans to raid existing programmes, like the Horizon 2020 and the Connecting Europe Facility, for the guarantee fund.

What projects areas exactly?

The emphasis is on big infrastructure and supporting small and medium-sized enterprises:

Strategic digital and energy networks, renewables and energy efficiency, innovation and research, supporting education, to name just a few.

If all goes to plan, 1.3 million new jobs could be created. A sizeable reduction in EU, where in May 2015 just over 23 million people were jobless, 11.1 % of workforce.

The programme should be operational in 2015.

Credit to EuroparlTV