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How The Eu Plans To Turn $26 Billion Into $390 Billion

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http://www.bloomberg.com/news/2014-11-23/how-the-eu-plans-to-turn-26-billion-into-390-billion.html

The European Union is planning a 21 billion-euro ($26 billion) fund to share the risks of new projects with private investors, two EU officials said.

The new entity is designed to have an impact of about 15 times its size, making it the anchor of the EU’s 300 billion-euro investment program, said the officials, who asked not to be named because the plans aren’t final. European Commission President Jean-Claude Juncker is due to announce the three-year initiative this week.

The commission will pledge as much as 16 billion euros in guarantees for the vehicle, which will also include 5 billion euros from the European Investment Bank, the officials said. Loans, lending guarantees and stakes in equity and debt will be part of its toolbox, with the goal to jumpstart private risk-taking so that stalled projects can get off the ground.

Excellent, what could possible go wrong....

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globaleconomicanalysis.blogspot.co.uk/2014/11/junckers-315bn-eu-slush-fund-is-299bn.html

Given that it's all funny money anyway, I have a question: Why not provide €50bn in guarantees raising €2.99 trillion in the process?

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