The European Commission is implementing a 300 billion euro ($375 billion) investment package for Europe but structural reforms are still desperately needed, according to the man overseeing Europe’s multi-billion infrastructure boost.
The Commission aims to provide up to 300 billion euros ($375 billion) of additional public and private investment over the next three years in order to create jobs, growth and competitiveness.
Jyrki Katainen, vice president for jobs, growth, investment and competitiveness, who has been charged with delivering the program, told CNBC that the program could help Europe recover.
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