TOPWRAP 3-China slashes rates, EU launches stimulus plan

Newswire

* European Commission proposes 200 bln euro stimulus * China slashes interest rates * Germany warns against overdoing stimulus plans * Fitch downgrades Toyota's top-ranked rating (For more stories on the global crisis, click [ID:nCRISIS]) By Jeremy Gaunt LONDON, Nov 26 (Reuters) - Massive stimulus plans to drive the world out of recession took centre stage on Wednesday with the European Union considering a 200 billion euro boost and China announcing its biggest interest rate cut ...

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