"We have agreed on an ambitious stimulus package," Brown told a press conference at a summit with his EU counterparts in Brussels, adding it was a "unanimous" deal.
The fiscal stimulus will be worth around 1.5 percent of the EU's gross domestic product (GDP), including "judicious reductions in tax" and increases in public spending, Brown said.
"Europe is fully united. This is a fiscal stimulus of 1.5 percent of our national incomes, around 200 billion euros," he said.
Published by Mike Hitchen, Mike Hitchen Consulting
Putting principles before profits
This blog will be on holiday from Dec 15 2008 -Jan 12 2009!
Putting principles before profits
This blog will be on holiday from Dec 15 2008 -Jan 12 2009!