Ambitious recovery plan essential to avoid long-term scars to EU economy

BusinessEurope on 30 April proposed urgent actions to kick-start Europe’s weakened economy. The proposals for a European Economic Recovery Plan include:

• an ambitious and coordinated fiscal stimulus to support demand and a rapid deployment of EU investment funds
• a revitalised and open single market and a strengthened single currency
• fair and free trade and investment and support for multilateral solutions
• strengthened EU governance to ensure EU financial support increases Member States’ implementation of growth and employment enhancing structural reforms and upward convergence.

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