| The European Union is seeking Asian capital for a multi-billion euro investment plan it hopes will create more than a million jobs and revive growth. Through the creation of the European Fund for Strategic Investment, presented in Hong Kong on Thursday during its first roadshow outside Europe, the EU seeks to inject 315 billion euros into a range of long-term projects from broadband infrastructure to green energy.
The plan, expected to win final approval in the European Parliament by July, is already attracting interest from sovereign wealth funds in Asia and in the Gulf, a EU official told Reuters...............................................Full Article: Source |