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Juncker unveils plan

The European Commission has presented a plan for €300bn of largely private new investment in the EU, saying it was time to kick-start growth without adding to public debt.

Underlining the need to pursue structural reforms to ailing economies and pare back debt and deficits, the EU's new chief executive said his plan was the third leg of a strategy to get Europeans back to work.

"Today the Commission is applying the jump leads," Commission President Jean-Claude Juncker (inset) said.