Juncker unveils 315-bn-euro plan to 'kickstart' EU economy

The plan is the cornerstone of European Commission chief Jean-Claude Juncker's five-year agenda to jumpstart the EU's moribund economyNew EU Commission chief Jean-Claude Juncker unveiled Wednesday an eagerly awaited 315-billion-euro investment plan to “kickstart” the economy, saying it would show the world that Europe was back in business after years of crisis. Juncker said the proposal, which must be approved by European leaders at a summit in December, would mix an investment fund with a scheme to match new projects with private money. “Europe needs a kickstart and today the commission is providing the jump cable,” Juncker told the European Parliament in Strasbourg, France.

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