EU investment plan may be hard to realize

Before he officially took office, the European Commission's new President Jean-Claude Juncker announced his intention to create jobs and inject new life into the stagnant European economy by injecting an additional 300 billion euros ($374.25 billion) over three years, beginning 2015.

Nearly one month into his new job, and he has unveiled some details of his plan. The investment budget for the three years has now been increased to 315 billion euros.

At first glance, such a big sum may seem a boon for Europeans eagerly looking for signs of new jobs being created. But on carefully reading the plan, many are likely to feel disappointed, not least because of the policy difficulties that need to be overcome to realize it.