The European Commission today proposed a 200 billion euro ($256.22 billion) stimulus package to try to resurrect the region’s struggling economy.
The two-year European Economic Recovery Plan announced today would involve spending from the 27 European Union governments and from the EU itself.
“Europe needs to extend to the real economy its unprecedented coordination over financial markets,” European Commission president José Manuel Barroso said in a statement.
“This recovery plan is big and bold, yet strategic and sustainable.”
Other countries have already proposed stimulus packages, including Great Britain, which Monday announced a 20 billion-pound ($30 billion) spending plan in response to its first recession since 1991 (InvestmentNews, Nov. 24).
1 comment:
I agree with the plan. Most people don't realize how much money there is out there. During economic times like this, there is more money to be had than ever. Because of the bailouts and economy, lenders are bending over backwards to bail you out too. Believe it or not, there is people getting tons of cheap money nowdays to start businesses, buy homes, pay off debt, and more. Bailouts for Everyone
Post a Comment