The European Union sought ways on Saturday to marshal billions of
euros into its sluggish economy without getting deeper into debt,
casting the net wide to consider options from a pan-European capital
market to a huge investment fund.
Finance ministers from the bloc's 28 countries are fleshing out a host of ideas circulating in European capitals. With interest rates already at record lows, ministers need radical steps to help growth at a time of near record unemployment.
From Poland's 700-billion-euro ($907 billion) 'European Fund for Investments' to the European Central Bank's plan to resurrect the EU's market for asset-backed securities, Europe's ability to get credit flowing to small companies is central to its revival.
Read more: Show us the money: EU seeks billions of euros to revive economy - The Economic Times
Finance ministers from the bloc's 28 countries are fleshing out a host of ideas circulating in European capitals. With interest rates already at record lows, ministers need radical steps to help growth at a time of near record unemployment.
From Poland's 700-billion-euro ($907 billion) 'European Fund for Investments' to the European Central Bank's plan to resurrect the EU's market for asset-backed securities, Europe's ability to get credit flowing to small companies is central to its revival.
Read more: Show us the money: EU seeks billions of euros to revive economy - The Economic Times
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