STRASBOURG, France, July 15 Designated European
Commission President Jean-Claude Juncker called on Tuesday for a
300 billion euro ($409 billion) public-private investment
programme to revive the European economy, create jobs for the
young and stimulate growth over the next three years.
The money should be mobilised from existing budget
resources, the European Investment Bank and the private sector,
without changing the bloc's strict rules on budget deficits and
debt reduction, he told the European Parliament during a debate
on his confirmation to head the EU's executive.
"We need a reindustrialisation of Europe," the former
Luxembourg prime minister said, promising a work programme in
February 2015 for investments in energy, transport and broadband
networks and industry clusters.
($1 = 0.7331 Euros)
(Reporting by Robin Emmott; Writing by Paul Taylor)