The European Commission wants EU governments to jointly combat the growing economic slowdown with a wide range of measures "big enough and bold enough" _ costing about euro130 billion ($166.54 billion) _ to boost growth and confidence among consumers and businesses.
In a two-year European Economic Recovery Plan, to be made public later Wednesday, it calls on the 27 EU governments to spend billions of euros (dollars) to halt the accelerating economic slowdown that has pushed some European nations into recession.
"Only through a significant stimulus package can Europe counter the expected downward trend in demand," said the Commission …
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