Jean-Claude Juncker's €315bn New Deal dismissed as a subprime gimmick
Charles Grant, director of the pro-EU Centre for European Reform, said Mr Juncker’s valiant efforts to do something substantive have been scuppered by powerful opponents. “It is yet another sad moment in the history of mismanagement in Europe. The Germans don’t believe in the scheme and they don’t want to provide any new money for it. They simply don’t get how bad things are in Europe,” he said. Britain has also opposed a full-scale spending spree.