The European Union's executive Commission on Wednesday proposed a 315-billion euro ($380 billion) investment plan to boost the bloc's flagging economy, with some 21 billion euros in seed money coming from EU institutions, AP reported. European Commission President Jean-Claude Juncker said Wednesday that the long-awaited plan will be based on EU guarantees that should entice private investors to fund projects benefiting education, transport, the digital economy and the environment. Juncker said the European Investment Bank will be the "prime mover" in delivering seed money for those investments over the next three years. Juncker estimated that every euro invested could generate investment of about 15 euros.
