The European Commission today (11 November) announced a cash injection of 62bn euro in various infrastructure projects in an effort to stimulate the flagging European economy.
The money will be invested in energy, research, telecoms and transport projects.
European Commission President Romano Prodi, unveiling the scheme, said, "it is the catalyst the EU urgently needs to promote growth". Priority will be given to projects that can start immediately.
60 percent of the fund...
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