##plugins.themes.bootstrap3.article.main##

Andreas Amerkamp Paul Jeffrey Stephenson

Abstract

In 2014, newly elected Commission President Juncker pushed to create the European Fund for Strategic Investments (EFSI), the aim of creating jobs and stimulating growth. With guarantees offered by the fund and the involvement of the European Investment Bank, the plan was to use €21 billion to leverage €315 billion of investment in the European economy. The EFSI legislative process was very fast with legislation emerging in just a year, with the first EFSI regulation appearing in mid-2015. Using policy frame analysis, this article zooms in on the discursive patterns of the European Commission, European Parliament and Council, expecting to find transport infrastructure a key theme given the low investment levels in this sector after the financial crisis in 2008. Analysing key documents at two periods in time, and drawing on interviews with officials, it explores the arguments used to make the case for EFSI and how these changes over time, leading to the extension of EFSI through an amended regulation in December 2017. In so doing, it shows the strategic positions of the institutions during Agenda-setting for EFSI. Moreover, he article explores questions of legitimacy and accountability. It reveals how key events including the Paris Agreement on climate change (December 2015) and Brexit referendum (June 2016) increased the persuasiveness of its framing.

##plugins.themes.bootstrap3.article.details##

Article Keywords

Framing analysis, European Fund for Strategic Investment, Transport infrastructure, Trans-European Networks, Infrastructure investment, European Structural and Investment Fund

Section
Research Articles
Article Copyright
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Material published in the JCER is done so under a CC BY-NC-ND 4.0 licence, with copyright remaining with the author.
  • Articles published online in the JCER cannot be published in another journal without explicit approval of the JCER editor.
  • Authors can 'self-archive' their articles in digital form on their personal homepages, funder repositories or their institutions' archives provided that they link back to the original source on the JCER website. Authors can archive pre-print, post-print or the publisher's version of their work.
  • Authors agree that submitted articles to the JCER will be submitted to various abstracting, indexing and archiving services as selected by the JCER.
Further information about archiving and copyright are contained within the JCER Open Access Policy.