European
Commission President Jean-Claude Juncker has given details of a €315bn
(£250bn;$393bn) investment plan to kick-start Europe's economy.
At
the heart of his five-year agenda is a new €21bn fund, which would be used as
"seed money", to entice private backers to "pitch in" most
of the rest.
Only
€8bn of the original money would come from the EU budget itself.
The
project would take the burden off national governments, already facing big
debts after the financial crisis.
"Europe
needs a kick-start and today the Commission is providing the jump leads,"
he told the European Parliament in Strasbourg.
Critics
have already suggested that
