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the European Commission and the European Investment Bank have put the final building blocks in place to kick-start investment in the real economy of the European Union and to ready the EFS I the European fund for strategic investments but take off in the autumn the fund which lies at the heart of the investment plan for Europe will become operational and start financing projects by the autumn it will be set up within the eib the european investment bank its mission is to support and deliver viable projects which provides docHub sustainable economic benefits to the european community today in Brussels Commission President jean-claude Juncker vice-president yerka catenin and the president of the eib vana jolla signed the agreement that formally establishes the fund and endorses the working methods between the European Commission and the eib the bank shall maintain a say in selecting the projects in the EU member states via a committee of independent experts and will guarantee return