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After tackling the immediate problems in the financial sector, the EU executive aims to deal with the knock-on effects to the economy (Photo: EUobserver)

Brussels doubles emergency funding to EU economies

The European Commission has unveiled a draft version of its plan for the economic recovery of the European Union, a plan that includes an even more generous boost to the emergency fund for EU economies battered by the global financial crisis than had previously been proposed by French President Nicolas Sarkozy.

"Europe must confront the economic downturn with the same robust and coordinated approach we have taken on the financial crisis," commission President Jose Manuel Barroso said on...

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After tackling the immediate problems in the financial sector, the EU executive aims to deal with the knock-on effects to the economy (Photo: EUobserver)

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