Presentation of The Plan
The European Commission presented on 26 November a plan to cope with the current economic crisis in the 27 member countries of the Union.
The plan combines short-term measures to stimulate demand and maintain jobs and longer-term measures to invest in strategical sectors, including research and innovation. The aim is to promote growth and ensure sustainable prosperity.
The plan includes targeted and temporary measures amounting to 200 billion euros, or 1.5% of EU GDP, using both the national budgets of the national governments, the budget of the EU and that of the European Investment Bank. The plan is scheduled on a period of two years.
Read more about this topic: 2008 European Union Stimulus Plan
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