EU drafts plan for hundred billion-dollar fund to take on US tech firms, reports say

ronjor · Aug 23, 2019

Elizabeth Schulze@eschulze9 23 Aug 2019

EU officials have drafted a plan for a sovereign wealth fund that would invest 100 billion euros ($110 billion) in “high-potential European companies,” according to reports in the FT and Politico.
The proposal would mark a drastic step from the EU to try to encourage companies within the continent to catch up with competitors from the U.S. and China.
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EU drafts plan for hundred billion-dollar fund to take on US tech firms, reports say

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EU drafts plan for hundred billion-dollar fund to take on US tech firms, reports say

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