Talking Europe

Juncker's €315 billion plan: A sound investment or wishful thinking?

On November 26th, Jean-Claude Juncker presented a €315 billion plan to "kick-start" Europe’s ailing economy. The new president of the European Commission believes the plan could create millions of jobs over the next three years. But his proposals received a lukewarm response as critics highlighted the lack of new EU money. Is this the "magic bullet" Europeans had been waiting for? And where will the money go?