Juncker plan is an important step forward

Following the announcement of an investment plan by EC President Juncker, BUSINESSEUROPE President Emma Marcegaglia said: 'The investment plan is a first important step forward which many businesses across Europe will welcome, but its success will depend on more ambitious steps to follow. The new European Commission has correctly identified many of the key obstacles to long-term private investment. Europe needs to improve the predictability and quality of EU business regulation, ensure more efficient public expenditure and enhance long-term financing options.'