UPDATE 1-FACTBOX-EU Commission's economic stimulus package

Newswire

Nov 26 (Reuters) - The European Commission proposed an economic stimulus package on Wednesday to help fight recession caused by the global financial crisis, the bulk of which it said should come from EU states' own national budgets. Following are its main elements: * Fiscal boost to be "timely, targeted and temporary" and amount to 200 billion euros ($260 billion), or 1.5 percent of the EU's gross domestic product * Commission urges member states to commit some 170 billion euros to ...

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