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
10:34p EASTERN IRON : Nowa Nowa Geological Resource Classifications
10:34p CHINA XLX FERTILISER : Establishes Academician Workstation Leveraging Top Fertilizer Technologies for Sustainable Growth
10:31p HOME DEPOT : County to consider using funds for computer upgrade
10:30pDJYelp Cuts Revenue Guidance, Chairman to Step Down -- 3rd Update
10:29p THOMSON RESOURCES : Quarterly Report June 2015
10:29p ANZ AUSTRALIA & NEW ZEALAND BANKING : State of the nation: NZ women (PDF 32kB)
10:29p THOMSON RESOURCES : Appendix 5B June 2015
10:29p GOODMAN PROPERTY : GMT First Quarter Distribution
10:29p GOODMAN PROPERTY : GMT Appendix 7
10:29p GOODMAN PROPERTY : GMT Annual Meeting
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Release concerning the change of name of espírito santo bank
DOMINION RESOURCES BLACK WARRIOR : Announces Notification by Walter Energy of Chapter 11 Bankruptcy Filing
SOURCE BIOSCIENCE : Lab firm Select Pharma is bought for Pounds 7.3m
COLEFAX : Profit Rises As Strong Fabric Offsets Weaker Decorating Arm
ZEGONA COMMUNICATIONS : Former Virgin execs swoop for Spanish outfit
Most Read News
06:34p USMEF U S MEAT EXPORT FEDERATION : Audio: Persistently Low Prices, Weak Euro Fuel Large Volumes of EU Pork into Asia
08:54p EMERALD GRAIN PTY : rebrands east-coast accumulation network
08:52p MEDIA ADVISORY : Harper Government to Announce Support for Community Infrastructure in Winnipeg and Area
09:35p MEDIA ADVISORY : Government of Canada Supports Business Development in Western Canada
07:35p QU BIOLOGICS : Begins Phase 2 Clinical Trial in Ulcerative Colitis
Most recommended articles
10:30pDJYelp Cuts Revenue Guidance, Chairman to Step Down -- 3rd Update
10:06p Canadian miner Sherritt posts wider loss as nickel prices drop
10:05pDJUNITED STATES STEEL : U.S. Steel Posts Wider Loss
10:05pDJAsian Shares Flat as Investors Await Fed Meeting
10:01p Asia stocks up as China steadies, wary of Fed