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Europe Daily Bulletin No. 9803

13 December 2008
EUROPEAN COUNCIL / (eu) eu/european council
European Economic Recovery Plan of around 1.5% of GDP

Brussels, 12/12/2008 (Agence Europe) - Faced with the threat of recession in the eurozone and the EU as a whole, the EU's leaders agreed on Friday 12 December 2008 to the target of spending around 1.5% of EU GDP on economic recovery measures. The exact amount to be spent in each country will depend on the economic circumstances of that country but the overall amount is of the scale desired by the European Commission. The European Council also endorsed the option of using unspent money from...

Contents

A LOOK BEHIND THE NEWS
EUROPEAN COUNCIL
THE DAY IN POLITICS
GENERAL NEWS
TIMETABLE
SUPPLEMENT