This European Commission press release makes interesting reading. Check it out!

EUROPA – PRESS RELEASES – Press release – European Commission adopts ‘Partnership Agreement’ with Bulgaria on using EU Structural and Investment Funds for growth and jobs in 2014-2020.

I am delighted for Bulgaria but what about Greece, Spain, Portugal, Italy, Cyprus, Ireland and France, do they not have any equally if not more urgent case?

Surely increased investment is overdue, with too much focus on austerity?

What worries me when I see the European Commission’s approach to doling out funds is it plays to the political interest of the donor. There seems to be a complete absence of strategic analysis and decision-making. Surely, strategic analysis by sector, focusing on demand rather than the EC available funds is required? Let’s look at energy for example. Here’s an open question:

Why is the European Commission not investing heavily in the Cyprus offshore gas to stimulate growth and secure supply?

Thoughts?

European flag outside the Commission (Photo credit: Wikipedia)

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