Ad
More spending is needed in the EU economy but not over the agreed thresholds, the ECB chief has warned (Photo: European Community)

EU states consider more spending to boost economy

The European Commission and European Central Bank have urged member states to carry out plans to boost the economy while keeping the relaxed budgetary and debt limits, with Brussels suggesting the agreed recovery package should add around an 0.85 percent boost to GDP growth within the 27-strong bloc.

EU finance ministers met at an informal session in Paris on late Thursday (18 December) to discuss the concrete details of the Europe's scenario on how to get out of the recession caused b...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
More spending is needed in the EU economy but not over the agreed thresholds, the ECB chief has warned (Photo: European Community)

Tags

Ad
Ad
Ad