Outgoing president of the European Commission Jose Manuel Barroso reacts as he is applauded by incoming president of the EU Commission Jean-Claude Juncker (L) during a ceremony at the EU Commission headquarters in Brussels October 30, 2014. REUTERS/Franco
Strasbourg, France: European Commission head Jean-Claude Juncker on Wednesday proposed to double his flagship EU investment plan to 630 billion euros by 2022 in a bid to boost the economy.
"Investment means jobs. Today I am proposing to double the duration and firepower of the our investment fund," Juncker told the European Parliament in Strasbourg as part of his annual State of the Union speech.
The original Juncker investment plan, launched in 2015, had a target to stimulate the European economy by 315 billion euros ($350 billion) over three years.
