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March 29
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Jean-Claude Juncker, the President-designate of the European Commission, has announced about a €300 billion ($409 million) investment program.

The program aims to revive the European economy, create new jobs for the youth, and promote economic growth for the next three years, Gazeta.ru reported citing the Agence France-Presse news agency.

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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