EU seeks billions of euros to revive economy
- 10 years ago
ROUGH CUT (NO REPORTER NARRATION)
STORY: The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, casting the net wide to consider options from a pan-European capital market to a huge investment fund.
Finance ministers from the bloc's 28 countries gathered at an informal Ecofin meeting in Milan to flesh out a host of ideas circulating in European capitals. With interest rates already at record lows, ministers need radical steps to help growth at a time of near record unemployment.
At their meeting, ministers have four ideas in front of them: an Italian paper on new financing tools for companies, a Franco-German proposal on how to boost private investments, a Polish proposal on creating a joint EU fund and incoming president of the European Commission Jean-Claude Juncker's call for a 300-billion-euro ($907 billion) investment program to revive the European economy.
Poland wants a 'European
STORY: The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, casting the net wide to consider options from a pan-European capital market to a huge investment fund.
Finance ministers from the bloc's 28 countries gathered at an informal Ecofin meeting in Milan to flesh out a host of ideas circulating in European capitals. With interest rates already at record lows, ministers need radical steps to help growth at a time of near record unemployment.
At their meeting, ministers have four ideas in front of them: an Italian paper on new financing tools for companies, a Franco-German proposal on how to boost private investments, a Polish proposal on creating a joint EU fund and incoming president of the European Commission Jean-Claude Juncker's call for a 300-billion-euro ($907 billion) investment program to revive the European economy.
Poland wants a 'European