Europe is working on new "Marshall Plan"

According to unofficial data, the European Commission is preparing an investment plan aimed at reviving economic growth in the European countries affected by austerity measures, RBC reports, referring to Reuters and the Spanish media. The plan has already been nicknamed the "Marshall Plan".

According to the plan, 200 billion euros will be invested in the economies of the 27 EU member states. Investments will focus on infrastructural development, renewable energy and high technology. The discussion of the plan is expected to take place at the next EU summit to be held from June 28 to 29, 2012 in Brussels.

Reportedly, the plan is based on the idea proposed by a presidential candidate in France, Francois Hollande. His plan involves resorting to the untapped resources of the European Investment Bank. It is assumed that the EU will make a one-time payment totaling 10 billion euros for the recapitalization of the bank and thereby increasing its creditworthiness by 60 billion euros and providing investment opportunities for 180 billion euros.