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Europe Daily Bulletin No. 9674

4 June 2008
GENERAL NEWS / (eu) eu/ecofin coun cil

03/06/2008 (Agence Europe) - Returning to her idea about using VAT surpluses generated by the hike in oil prices to boost household spending power for the least well-off (see Europe 9673), French finance minister Christine Lagarde said on Tuesday 3 June 2008 that one could not deal with the current explosion of oil prices simply through economic means. She said it was necessary to deal with the social dimension of the issue and provide a political response. Lagarde reacted cautiously to the...

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