EU's Juncker: Euro Zone Must Act To End Recession
"Everyone believes that monetary policy alone can't guarantee enough of a response to react to the crisis," Juncker, who chairs the monthly meetings of euro zone finance ministers, told a news conference. "The commission proposals go in a good direction."
Juncker said measures need to be "temporary, targeted timely and coordinated," in an effort to preserve the credibility of the bloc's budget rules.
The commission last week proposed a EUR200 billion stimulus plan, which is being discussed by the finance ministers ahead of a Dec. 11 meeting of European Union leaders.
-By Gabriele Parussinia and Adam Cohen; Dow Jones Newswires; 0033 1 4017 1740; gabriele.parussini@dowjones.com; adam.cohen@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/al?rnd=cyyj%2Fj9l%2Faz7taM%2FBIG0ZQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
December 01, 2008 17:17 ET (22:17 GMT)
Publié le 01 Décembre 2008 Copyright © 2008 Dowjones
Partager sur:
