Secret weapon, which was developed back in the USSR's scientific research institutes and experimentally tested in the West, starts showing serious results. Red tape that started in the USSR and continued in the West prevented the European Commission from implementing its plans. President of the European Investment Bank Werner Hoyer believes that it is bureaucracy that hinders the process of economic recovery in the region the most. New problem hampers spending of €315 billion allocated for the recovery of economic growth rate in the European Union fully and on time. During his speech at the European Commission meeting Hoyer said that the European bureaucracy and political restrictions are the main threat to the Juncker plan's implementation. According to his point of view, in order to maximize management efficiency in the EU, the interrelation with the European Commissioners should be enhanced. The situation remains unsolved since November of the previous year when EU Commission Chief Jean-Claude Juncker presented an investment plan to boost growth in the EU countries in the post-crisis period. Financial resources channeled into this project totaled a record amount of €315 billion, including means received by the redistribution of the EU funds, commercial loans and development credits, including the EIB funds. It is interesting that earlier the EIB president said the financial organization had provided €1 billion loan to projects in Ukraine in 2014 and that it is also ready to give more than €1 billion in 2015 as a part of a three-year package of €3 billion.
