ECONOMIC POLICY : COMMISSION PROPOSES 200 BN EURO STIMULUS PLAN.

Europe Environment, December, 2008

The European Commission attempted, on 26 November, to give a European framework to the measures for economic recovery planned or announced by the governments of member states. Totalling the national plans, the European Investment Bank's (EIB) increased loans and own funds, it announced an overall package 200 billion (1.5% of the EU's GDP), whose details will likely be scrupulously analysed by the markets.

The bulk of the package will come from national budgets, up to 170 billion. This amount will be complemented by 30 billion ...