The European Commission issued 200,000,000,000 euros economic stimulus plan

26 The European Commission announced a total of 200,000,000,000 euros a huge economic stimulus plan in an attempt to coordinate the rescue members of the real economy. European Commission President Jose Manuel Barroso told a news conference, 200,000,000,000 euros equivalent to the European Union gross domestic product of 1.5 percent, of which 30,000,000,000 euros from the EU budget and the European Investment Bank, and the remaining 170,000,000,000 euros will include members of the Own country to take action to stimulate the economy. This in fact means that the average EU member states need to come up with the equivalent of their gross domestic product 1.2 percent of the funds for the revitalization of their economies. Barroso said the European Commission's plan aims to coordinate the actions of member states to provide a unified framework and a set of "tool box", according to members of their own circumstances from which to select appropriate measures. According to the plan, member countries should consider expanding public spending, as well as tax cuts, interest rates and so on a pro-active fiscal and monetary policies, in order to revitalize economic growth. That the plan to increase public spending on efforts to stimulate demand will have immediate effect, reducing the tax burden on ordinary workers and temporarily reduce the value-added tax to consumption will provide support to ease pressure on inflation, the Central Bank of EU member states The move will also help to cut interest rates to help the economy. The European Commission stressed that member states adopt expansion Fiscal policy should be done in a timely manner, and for the time being targeted, and to coordinate with each other. At the same time, be in line with the EU "stability and growth pact". The EU "stability and growth pact" member of the budget deficit should not exceed its gross domestic product of 3% allowed in "exceptional circumstances", member of the budget deficit can be exceeded for the time being. The European Commission has recommended that member countries should take full advantage of the flexibility provisions. In addition, the European Commission's economic stimulus plan also argued that member states should take measures to deal with short-term focus on the long-term goal of structural reforms, the Institute of "smart" investment, is about to focus on personnel training, infrastructure construction, scientific research and innovation in energy-saving Environmental protection, and help improve the EU's long-term economic competitiveness in the field. The European Commission's plans for next month's EU summit meeting.