Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

EU : Growth Strategy Not Alternative To Fiscal Consolidation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/30/2012 | 01:05pm CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
03:55aDJTruce Crumbles in U.S.-Russia Distrust
03:54a BASF INDIA : leverages growth opportunities in Asia Pacific
03:38a TERRAFORM GLOBAL : Announces Receipt of Nasdaq Letter
03:38a BURSA MALAYSIA BHD : to be slightly weaker next week
03:38a NEW RESOURCE BANK : Announces Three New Board Members
03:36aDJApple Goes Without a Lobby Into European Fray
03:36aDJGM Workers in Canada Approve New Contract
03:30a Oil prices rebound after Algeria says all options open at OPEC meeting
03:30a Canada Unifor union ratifies C$554-million new investment GM deal
03:29a NSK : Announces Plans to Establish a New Plant in Mexico
Latest news
Advertisement
Hot News 
21.42%Twitter In Talks with Suitors, Including Salesforce, Google -CNBC's Faber
15.45%Endo International CEO steps down, Campanelli named successor
9.77%SANTANDER CONSUMER : USA to Restate Financial Reports
-5.17%FINISH LINE : Comparable Store Sales Rise
-3.52%AP MOELLER MAERSK A/S : A.P. Moeller-Maersk to Split Into Two Separate Divisions -- 4th Update
Most Read News
06:25p DGAP-ADHOC : LANXESS signs contract to acquire Chemtura
08:24p COGSTATE : Proxy Form
07:01p CHEMTURA : to Be Acquired by LANXESS in ~$2.5 Billion All-Cash Transaction
08:34p HONG KONG EXCHANGES AND CLEARING : Change of Company Website for Publication of Regulatory Filings
06:51p COOPERATIVE CONSTRUCTION : Ansamed news service
Most recommended articles
09:36pDJApple Goes Without a Lobby Into European Fray
09:36pDJGM Workers in Canada Approve New Contract
08:55pDJNATIXIS : OPEC, Russia Have Gap to Close Ahead of Any Output-Freeze Deal
08:55pDJSAUDI TELECOM : Saudis Strive to End Male Guardianship
08:35pDJLANXESS : to Acquire Chemtura for $2.7 Billion