Member access

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

Latest news
Date Title
<1m ago JPMORGAN CHASE : Above The Law Is Coming To Chicago
<1m ago GREENHILL : & CO INC : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
<1m ago MICROSOFT : beats Street 1Q forecasts
1m ago ALLIQUA : BioMedical, Inc. : to Announce Third Quarter Financial Results on October 30th
2m ago US Crude Exports And Re-Exports Continue To Rise; Some Volumes Sent To Europe And Asia – Analysis
2m ago FIVE PRIME THERAPEUTICS : Other Events, Financial Statements and Exhibits (form 8-K)
2m ago SYNAPTICS : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
2m ago CHUBB : Reports 3rd Quarter 2014 Results
2m agoDJMARKET SNAPSHOT : Dow Rises 217 Points As U.S. Stocks Notch Solid Gains
2m ago ENVISION HEALTHCARE : to Release Third Quarter Operating Results Wednesday, November 5, 2014 and Participate in Upcoming Investor Conference
Latest news
Advertisement
Hot News 
OIM : 16 october 2014 - PAYMENT OF DIVIDENDS SUSPENDED
CABELAS : Cabela’s® Announces Plans for Two New Stores
JAKKS PACIFIC : reg; Reports Improved Third Quarter Results for 2014
INFINERA : beats Street 3Q forecasts
FOXTONS : Downgrades Full-Year Earnings Guidance On Poor Third Quarter
Most Read News
1d ago ATMEL : Patent Issued for Apparatus and Method for Increasing the Quantity of Discrete Electronic Components in an Integrated Circuit Package
1d ago EXELON : ICC Approves ComEd’s Grand Prairie Gateway Project
1d ago TERADYNE : beats Street 3Q forecasts
4h ago Tesco accounting black hole deepens, chairman to step down
1h ago Unilever promises more cheap goods, cost cuts to tackle slowdown
Most recommended articles
2m agoDJMARKET SNAPSHOT : Dow Rises 217 Points As U.S. Stocks Notch Solid Gains
4m agoDJMARKET SNAPSHOT : Dow Rises 217 Points As U.S. Stocks Notch Solid Gains
5m ago APPLE : GT Advanced shareholders see value in stock despite bankruptcy
5m agoDJCURRENCIES : Dollar Hits Two-and-a-half Week High Against Yen
11m ago AMAZON : holiday quarter sales forecasts disappoint, shares dive
Dynamic quotes  
ON
| OFF