Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

EU : Growth Strategy Not Alternative To Fiscal Consolidation

04/30/2012 | 07:05am US/Eastern

Efforts to find ways to boost regional growth aren't an alternative to fiscal consolidation, a European Commission spokeswoman said Monday, as she played down weekend media reports that talked of massive new European Union-funded investment projects.

The spokeswoman, Pia Ahrenkilde-Hansen, said there had been "highly speculative figures" floated in media reports "which have no reality as far as we are concerned."

She said that efforts to boost growth rates aren't "an alternative to fiscal consolidation."

A report in Spanish newspaper El Pais over the weekend cited European officials discussing a Marshall Plan of large-scale investments to help revive the regional economy, saying up to EUR200 billion would be mobilized.

However, the spokeswoman confirmed Monday that the Commission continues to work on a plan to boost the European Investment Bank's capital by EUR10 billion.

Earlier this month, Barroso said that such a boost could unlock as much as EUR180 billion in total private and public investment over time.

-By Laurence Norman, Dow Jones Newswires; +32 (0)2 741 1481; laurence.norman@dowjones.com

React to this article
Latest news
Date Title
06:11a JIMMY CHOO : Custom Choo's can be yours to choose
06:10a PIRELLI & C : Hamilton dominates Monza practice ; MOTOR RACING
06:10a MANCHESTER UNITED : Del Bosque considered calling up Valdes
06:10a MANCHESTER UNITED : Real president Perez blames Red Devils
06:09a YAMAHA : Get shipshape - get the experts for safe boating
06:09a LAGERCRANTZ : The man with the dragon taboo ; David Lagercrantz has written a continuation the late Stieg Larsson's Millennium series. Hannah Stephenson discovers...
06:08a SOTHEBYS : Auction of 'remarkable' Taubman art collection expected to net Pounds 320million
06:08a LEWIS PHP 7HPF 7 1/2% CUM PRF STK #1 : John Lewis hit by summer sales slump
06:08a CHESAPEAKE ENERGY : sues American Energy Partners over well costs
06:08a FOOT LOCKER : BRIEF: VIDEO: Kevin Durant in Madrid: Thunder star draws huge crowd at KD8 promotion
Latest news
Advertisement
Hot News 
DOMINO PRINTING SCIENCES : Partners with Express Packaging
IS SOLUTIONS : To "Significantly Exceed" Market View After Strong Start
BIOVENTIX : Trading Update and Notice of Results
SCISYS : Allays Banking Covenant Breach Fears After Lender Talks
VINCE : Reports Second Quarter and First Half Fiscal 2015 Results; Revises guidance for fiscal 2015
Most Read News
09/04 EQUITY ALERT : Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Abengoa, S.A. to Recover Investor Losses - ABGB
09/04 EQUITY ALERT : Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Whole Foods Market, Inc. to Recover Investor Losses - WFM
09/04 TRADING ALERT : Rosen Law Firm Reminds Constant Contact, Inc. Investors of Important Class Action Deadline - CTCT
09/04 EQUITY ALERT : Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against American Express Company to Recover Investor Losses -- AXP
09/04 COLORADO WYOMING PETROLEUM MARKETERS ASSOCIATION : EPA Sends Ozone Proposed Rule to White House - PMAA Responds
Most recommended articles
06:04aDJRail Executives Gathering to Address Investor Concerns
06:02aDJJudge Orders Credit Suisse to Pay Highland $287.5 Million in Suit Over Loan -- Update
06:01aDJISS Opposes Bank of America Proposal Allowing Board to Combine Chairman, CEO
05:59a China's CEFC adds to Czech buying spree with airline, brewery deals
05:59a G20 sees need to 'double down' against devaluation - U.S. Treasury official