Germany's Merkel says backs EU investment programme

Reuters

Updated 26 November 2014 at 4:07 am

BERLIN (Reuters) - The German government supports European Union Commission President Jean-Claude Juncker's investment plan to kick-start growth, German Chancellor Angela Merkel said on Wednesday, adding it was important to identify specific projects.

"The German government supports in principle the package presented by Commission President Jean-Claude Juncker with which the European commission and the European Investment Bank will mobilise additional investments of some 300 billion euros (238.16 billion pounds)," Merkel told the Bundestag lower house.

"But it must be clear to everyone where the projects are in the future," she added.

(Reporting by Noah Barkin; Writing by Erik Kirschbaum; Editing by Madeline Chambers)

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