Juncker’s investment plan gets lukewarm reception at AEIP event

first_imgInvestment experts at a meeting organised by the European Association of Paritarian Institutions (AEIP) in Brussels have criticised the EU’s so-called Juncker plan, which they said would be of less use to pension funds than originally hoped.Speakers at the event – entitled ‘Long-term Investment and the Juncker Plan: Which Roles for Pension Funds, Social Insurers & Other Institutional Investors?’ – pointed to the shortage of suitable projects in EU president Jean-Claude Juncker’s €315bn investment plan.Dominique de Crayencour, secretary-general of the European Long-Term Investors Association, said there was plenty of money available for investment but not enough outlets.  On the much-vaunted cross-border infrastructure development theme, he argued that “difficulties” were not fund-related but rather down the fact different countries too often failed to agree on a particular need. And negotiations, he added, could take years.What could help institutional investors, he suggested, was the establishment of a “pipeline” of suitable projects.This could, for example, include small-scale energy-efficiency projects.De Crayencour said this could make these projects more attractive for investors, as local authorities “do not have a clue” about the financial packaging of such deals.Meanwhile, Michael Smyth, a member of the European Economic and Social Committee (EESC), said the European Commission – which “can’t afford a failure at the present stage” – was taking a big risk with the Juncker plan.Smyth drew a parallel with the the Stability and Growth Pact (SGP), going back a decade or so.“Does anyone remember [that]?” he asked.The EESC recently published a draft “opinion” on the EU Investment Plan, as well as on the European Fund for Strategic Investments.While the opinion welcomed the Plan as “as step into the right direction”, it also questioned whether a “pipeline of projects can be developed that offer returns that attract institutional investors”.On the topic of shortage of good projects, Bruno Gabellieri, the AEIP’s secretary-general and chair for the meeting, argued that the European Commission’s approach had been “top down” and that a more “bottom-up” approach was needed.   Further criticism of the EU policy came from James Watson, director of Business Europe, who raised the question of “additionality” related to the Juncker plan.His point was that projects earmarked in the plan could well have attained the funding required anyway.Not all speakers, however, took the critical line. Renato Guerriero, vice-president at the AEIP, listed points in favour of pension funds investing in infrastructure projects, citing employment and growth.He also pointed to growing pressure for more of this type of investment, in line with Northern Europe, Canada and Australia.Guerriero suggested that, where large infrastructure projects were concerned, small funds could join together in order to get involved.last_img read more

Syracuse over-relies on Christmas, falls to Clemson for 1st conference loss

first_img Facebook Twitter Google+ CLEMSON, S.C. — Asking Rakeem Christmas to do it all wasn’t fair and it didn’t work.He couldn’t defend the basket and the perimeter. He couldn’t work the post and drive the lane. Someone else had to at least score. But for the first 13 minutes of Syracuse’s game against Clemson on Saturday evening in Littlejohn Coliseum, though, no one else did.Trevor Cooney was getting shut out from the field. Michael Gbinije wouldn’t shine until press-and-foul time. Kaleb Joseph improved and Tyler Roberson snagged rebounds, but the bench was short and scoreless.When the final buzzer sounded, finalizing SU’s (13-5, 4-1 Atlantic Coast) 66-53 loss to Clemson (10-7, 2-3), Christmas had 21 points — which accounted for 40 percent of the Orange’s scoring — and 10 rebounds, and was the best player on a team that was left searching for more.“Mike and I have been there the last couple games and he had a decent game and I had a terrible game,” Cooney said. “And when that happens we’re not going to win.”AdvertisementThis is placeholder textAt halftime the Orange looked as beaten as it had all season. SU was trailing by 21, largely because it was leaving Clemson shooters open on the perimeter, not clutching the ball when they did miss and altogether leaving Christmas with too many messes to clean up.Thirteen minutes into the game, Christmas had nine points and the rest of the Orange had zero. The Tigers had 21.He had asserted himself from the opening whistle, winning the tip and going up over Jaron Blossomgame in the matchup’s first 20 seconds. When SU jogged off for halftime, Christmas had 11 points, but the Orange was getting beaten on the boards. The Tigers had pulled down almost as many offensive rebounds, seven, as the Orange had defensively, eight.“We stopped them in the first half three or four times in a row,” Syracuse head coach Jim Boeheim said. “We did play good defense, stopped them, and they got four putbacks.”A Clemson team that averaged 30.6 first-half points per game going into Saturday’s matchup with the Orange had dropped 39 on the Orange.With 7:57 left in the first half, Joseph was scrambling back to his spot atop the left of SU’s 2-3 zone when Donte Grantham caught the ball at the opposite wing.Cooney stood in front of the CU forward, only to back away, leaving Grantham to fire the Tigers to a 21-9 lead.“Our movement was not there at all,” Cooney said.Neither Cooney nor SU’s next most-experienced player, Gbinije, was about to make up for it on offense. Cooney and Gbinije — who declined to speak to reporters after the game — combined to shoot 1-of-10 from the field in the first half and 4-of-19 for the game.Feeding Christmas was only so much of an option when he found himself surrounded by two or three players at every touch of the ball. Tyler Roberson relieved Christmas on the boards with 13 of his own rebounds, partly because Christmas was doubled up in box outs.The game wasn’t changing. Christmas had no margin for error. Still, at the slightest hint of an SU run, the traveling Syracuse fans rallied up chants of “Let’s Go Orange.”One round went up with about 13:30 left in the game. Joseph had cut CU’s lead to 44-28 on the Orange’s last possession. Christmas got the ball on the next one, only to be surrounded by three Clemson defenders and cough up his lone turnover of the game.Thirteen minutes later, SU had run out of ways to extend the game. Clemson, a middle-of-the-pack ACC team, was giving a former manager the fourth appearance of his career.“We’re going to need to find other ways to win games if guys aren’t making shots,” Joseph said. “We got to find it in our heart to dig out these games.” Comments Published on January 17, 2015 at 5:58 pm Contact Jacob: jmklinge@syr.edu | @Jacob_Klinger_last_img read more

AFCON 2021Q: ‘The pitch was terrible’ – Dede Ayew slams São Tomé astroturf

first_imgThe Black Stars of Ghana beat São Tomé and Príncipe 1-0 in their second AFCON 2021 Qualifier pon Monday, November 18, 2019.A Jordan Ayew second-half penalty was the difference between the two teams on the day.However, the main talking point after Ghana’s encounter with São Tomé and Príncipe was definitely the poor state of the astroturf.Prior to the encounter, concerns had been raised about the pitch by head coach, Kwesi Appiah and Atletico Madrid star, Thomas Partey.The Stars suffered more in the opening stages of the match due to the artificial surface at the July 12 National Stadium but after a while, they managed to string passes together and built up a bit of a pattern.Although quite average, the Black Stars triumphed over the Falcons and True Parrots at the July 12 National Stadium.After the victory, Andre Ayew highlighted the difficulty in playing on that kind of turf.“I want to congratulate the boys for this win.The pitch was terrible. We dominated the game, I think we had about 80% ball possession and we could have scored more but it was a very difficult pitch to play on”.The Black Stars now tops Group C with six points and we will play Sudan in the third round of qualifiers in August 2020.last_img read more

Ex-Black Stars coach Dossena backs team for AFCON final

first_imgFormer Ghana coach Guissepe Dossena is tipping the Black Stars, who are yet to click into gear-to reach the final of the 2013 Africa Cup Nations.The Italian led the Black Stars to a quarter-final berth at the 2000 tournament which was co-hosted by Ghana and Nigeria.Dossena, a member of Italy’s 1982 FIFA World Cup winning squad, believes the Black Stars will rediscover their playing style as the tournament progresses.“Ghana has become a power house and on paper can go all the way, but I still think their level and calibre is not as high as compared to the team we saw at the World Cup 2010,” Dossena said.“I have seen them in their first Afcon match and it was a below average performance in my opinion but once they wake up they will be unstoppable – they have it in themselves.”Ghana need just draw against Niger in their final Group B match on Monday to secure a quarter-final berth.last_img read more

Sane benched: Netherlands v Germany live talkSPORT commentary and team news

first_img Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move Getty MONEY ADVICE Top nine Premier League free transfers of the decade BEST OF Every time Ally McCoist lost it on air in 2019, including funny XI reactions FOOTBALL LATEST silverware Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade 1 RANKED England’s most successful clubs of the past decade, according to trophies won Then again, at least they made it – the Dutch weren’t at the finals and were beaten by France in their opening game of this competition.The Germans played out a goalless draw with the world champions back in September and haven’t lost to Holland since 2002.What time is kick-off?This Nations League clash is set for Saturday, October 13.Kick-off is at 7.45pm.It’s six years since the sides last met in a 0-0 stalemate following Euro 2012.How can I listen on talkSPORT?We will have live commentary of this game on talkSPORT 2 from 7.30pm.Tune in using the mobile app, our web player, or on your DAB radio. What is the team news?The hosts have named a strong line-up which includes Liverpool duo Virgil van Dijk and Georginio Wijnaldum.Meanwhile, ex-Manchester United pair Daley Blind and Memphis Depay start alongside former Liverpool striker Ryan Babel.Germany have named a strong XI too with Toni Kroos, Mats Hummels, Manuel Neuer and Thomas Muller all starting.Manchester City star Leroy Sane is only on the bench, however.Netherlands: Cillessen, Dumfries, de Ligt, van Dijk, Blind, de Roon, de Jong, Wijnaldum, Bergwijn, Depay, BabelSubs: Hateboer, Zoet, de Vrij, Aké, Strootman, van de Beek, de Jong, Promes, Vilhena, Danjuma Groeneveld, BizotGermany: Neuer, Ginter, Boateng, Hummels, Hector, Can, Kimmich, Kroos, Müller, Uth, WernerSubs: Kehrer, Gnabry, Draxler, Brandt, Leno, Schulz, Süle, Sané, Tah, Rudy, ter Stegen Which teams do the best on Boxing Day in the Premier League era? The Netherlands and Germany resume an old rivalry in a mouth-watering UEFA Nations League clash at the Amsterdam ArenA.There is a lot at stake as both sides are currently out of form with the Germans still digesting their embarrassing exit from the 2018 World Cup. REVEALED Low has kept his job despite a shambolic World Cup last_img read more