The European Parliament is expected to confirm the appointment of Jean-Claude Juncker as a new President of the European Commission.

Juncker calls for reindustrialisation of Europe

Europe should invest €300bn (£238bn) over the next three years to revive the economy and stimulate growth and jobs creation, says designated European Commission President Jean-Claude Juncker.

Speaking during a debate in the European Parliament that should confirm his appointment as the new European Commission President, the politician, a former Prime Minister of Luxembourg, said the money should be mobilised from existing budget resources, the European Investment Bank and the private sector.

However, he said, Europe should maintain its strict rules on budget deficits and debt reduction.

"We need a reindustrialisation of Europe," Juncker said, promising a work programme in February 2015 for investments in energy, transport and broadband networks and industry clusters.

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