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Mon 12 Dec 2008Stimulating the EU
NOW THAT the international financial crisis has well and truly embedded itself in a real and deepening recession throughout the world's most developed countries, attention has turned to how activity can be stimulated back towards growth again.
In the United States this imperative is in the foreground of the incoming Obama administration's economic planning. In Asia, China more than Japan is taking that road. In Europe, France and the United Kingdom are giving a lead. This has cued the European Commission to propose an EU-wide fiscal stimulus package to spread its impact.
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