The president of the European Commission, Jean-Claude Juncker, will announce tomorrow the details of a spending and regulation plan that, he will claim, could help revive Europe's economy.
Juncker will present a jobs, growth and investment package to the European Parliament, which, he is expected to claim, would reduce red tape for businesses and mobilise €300 billion of private and public funds within the next 3 years.
According to news reports, Juncker plans to spark this investment by spending about €20bn of EU public money. But the plan has already been met with widespread scepticism from political groups and economists.
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