EU Commission approves 200 bln euro stimulus-source

Newswire

BRUSSELS, Nov 26 (Reuters) - The European Commission approved on Wednesday a package aimed at giving the sagging European economy a sharp, temporary boost with a 200 billion euro ($260 billion) spending plan across the 27-nation bloc, an EU source said. The plan, higher than initially thought, calls for a targeted and temporary fiscal stimulus of 1.5 percent of EU gross domestic product. National measures would account for around 170 billion euros, or 1.2 percent of GDP, and EU and ...

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