The European commission has announced a European economic plan worth 200bn euro’s to try and help save jobs in Europe as the credit crunch kicks in. The commission expects the European member states to contribute 170bn euro’s while the European union will contribute the further 30bn euro’s.
The plan is aimed at boosting customer confidence and at encouraging spending within the market once again. Some of the money that is being pumped in will be used for job training, less polluting cars, and improving energy links and broadband access.
Aid to small and medium enterprises over the next two years would be increased from 10 to 30bn euro’s.
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