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EU leaders baulk at money for Juncker investment plan

European Commission President Jean-Claude Juncker speaks to journalists as he arrives ahead of the European Union summit at the EU headquarters in Brussels on December 18, 2014EU leaders approved an ambitious investment plan on Thursday but without putting up the “hard cash” demanded by European Commission head Jean-Claude Juncker. Leaders of the European Union’s 28 member states meeting in Brussels as expected approved the broad outline of Juncker’s 315 billion euro ($387 billion) investment plan, intended to kick-start growth in Europe by financing hundreds of projects. European President Donald Tusk, who presided over his first EU summit, said leaders had “called for the urgent establishment for strategic investment”, which would formally create the new fund at the heart of the Juncker plan.

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