European Economic Recovery Plan
In November 2008, the European Commission presented the European Economic Recovery Plan, a plan of 200 billion euros (1.2% of GDP) to fight against the consequences of the economic crisis in the European Union. In reality, the plan is a series of national measures to be implemented by each government, without much coherency between the policies. The measures included incentives to investment, tax cuts and social measures.
Read more about this topic: Late-2000s Recession In Europe
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