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Europe Daily Bulletin No. 9795

3 December 2008
GENERAL NEWS / (eu) eu/eurogroup
Aim of coordinated recovery plan is approved but no figures are given

Brussels, 02/12/2008 (Agence Europe) - On Monday 1 December, there was just one topic discussed by eurozone finance ministers - the Eurogroup's approval for the setting in place of a coordinated economic recovery plan. Although monetary policy and automatic stabilisers can help, the economic situation will not improve without an active budgetary policy, ministers agreed, while deferring any evaluation of measures that are already being taken or that will be taken. One of the measures -...

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