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 DSM : Osram LED downlights keep cool with thermally conductive Stanyl TC polyamide 46 from DSM
1m ago CENTRICA : Sam Laidlaw speaks on Europe’s energy challenges at the FT European Gas Summit
1m ago PICTON PROPERTY INCOME : Notification of Major Interest in Shares - 22 October 2014
1m ago AFRICAN ENERGY RESOURCES GUERNSEY : Appendix 3B - Rights Issue
1m ago IGG : Oct 23, 2014More Commanders For Everyone!
1m ago _WIGE MEDIA : 2014_10_21_wige_MEDIA_AG_Q3_2014_Provisional_nine-month_figures.pdf
2m ago RESEARCH AND MARKETS : European Road Freight Transportation Market Report 2014-2018
2m ago September mortgage approvals fall to lowest level since July 2013 - BBA
3m ago VCE Enters Next Phase of Growth and Innovation as an EMC Business; Strategic Investors Cisco and VMware Continue Full Support and Alignment
4m ago MECOM : Earnings Fall On Weak Dutch Business, Sluggish Advertising
Latest news
Advertisement
Hot News 
FOXTONS : Downgrades Full-Year Earnings Guidance On Poor Third Quarter
UNISYS : Patent Application Titled "Systems and Methods for Identifying Fraud in Transactions Committed by a Cohort of Fraudsters" Published Online
WILLBROS : Harwood Feffer LLP : Announces Investigation of Willbros Group, Inc.
BLOOMSBURY PUBLISHING : Unaudited Interim Results for the six months ended 31 August 2014
NEWCASTLE INVESTMENT : Announces Details for Completion of New Senior Spin-Off and Investor Call on October 17, 2014 at 8:30 AM ET
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 TERADYNE : beats Street 3Q forecasts
1d ago EXELON : ICC Approves ComEd’s Grand Prairie Gateway Project
1d ago AT&T revenue misses forecasts as more customers bring own phones
1d ago NORTHFIELD BANCORP : Announces Third Quarter 2014 Results
Most recommended articles
2m ago September mortgage approvals fall to lowest level since July 2013 - BBA
10m ago UK retail sales fall in September, hit by weak clothing demand
19m ago Apple CEO says to add 25 stores in China within two years - Sina
27m ago French business slump deepens as firms slash prices - PMI
29m ago Bank of England's Broadbent says underlying interest rates to eventually rise
Dynamic quotes  
ON
| OFF