EU businesses, workers call for economy stimulus.
European businesses and trade unions called Wednesday for more action to increase credit flow to companies and help lift Europe out of recession. European Union governments have agreed to spend some €200 billion — or 1.5 percent of the bloc's gross domestic product — to stoke growth. Companies insist that this must be "fully and rapidly implemented," while workers say it may not be enough.Two business groups — BusinessEurope representing major companies and the UEAPME group speaking for smaller employers — called on the EU to boost lending to businesses. They said some viable companies were threatened with collapse because short-term loans are now harder to get and far more expensive. It also called on the Commission to criticize EU nations that don't stick to the stimulus program or launch protectionist programs that undermine the EU's single market.
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