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A majority in the European Parliament on Tuesday has approved former Luxembourg PM Jean-Claude Juncker to be President of the European Commission.

He got 422 votes for and 250 against in the secret ballot, despite strong opposition earlier from Britain, informed the BBC Russian Service.

As reported earlier, Juncker has announced about a €300 billion ($409 million) investment program, which aims to revive the European economy, create new jobs for the youth, and promote economic growth in Europe for the next three years.

The amount will be allocated from the existing budgetary resources and the European Investment Bank funds, but without violating the strict European Union rules on budget deficits and state debts.

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