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But what really matters is not a few billion euros worth of job creation schemes.
"The two great public services, health and education, were never designed to be job creation schemes," he said.
A proportion of those will be used on the sorts of jobs creation schemes that we proposed in the election.
They include such as savings of £1.4bn from scrapping job creation schemes set up as the recession began to bite and £600m from science and research budgets.
It plans to spend the proceeds of its proposed one-off privatised-utility "windfall tax" on job creation schemes for the young and long-term unemployed.
Overnight, the 27 members of the EU agreed to spend €6bn between now and 2015 to fund training, apprenticeships and other job creation schemes for young people.
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Rural job-creation schemes have lifted incomes for the poorest.
The government's job-creation schemes remain the least convincing of its reforms.
They hope to buy off many of them through job-creation schemes.
Much money went on subsidies, state job-creation schemes and social programmes, many of them designed by Cuban advisers.
But the discrepancies in wealth are still huge despite government job-creation schemes and the expansion of welfare benefits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com