EU’s $600 Billion U.S. Plan Hinges on Private Funding, Politico Says

The European Union’s much-publicised plan to channel about $600 billion into projects in the United States will be financed wholly by private companies rather than by the EU budget, according to a report by Politico. No direct funding is expected from EU institutions or member-state treasuries, the publication said, citing unnamed officials familiar with the strategy. The reliance on private capital marks a shift from initial perceptions that Brussels would deploy public funds to support the initiative, which aims to deepen transatlantic cooperation on energy, technology and infrastructure. Details on the investment timetable, target sectors and potential incentives for corporate participation have not been released.