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French construction site: The fund is due final approval in June (Photo: marcovdz)

Juncker fund gets political go-ahead

The EU's signature plan for a €315bn fund to create jobs took final shape on Thursday (28 May) as negotiators reached a deal on how it should operate and how investment projects should be chosen.

The project – the brainchild of European Commission President Jean-Claude Juncker – represents the focus of EU energies to promote economic growth and tackle record-high unemployment rates.

"I am very happy and satisfied we reached a deal. Let's get to work and implement this plan as quic...

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French construction site: The fund is due final approval in June (Photo: marcovdz)

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