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Posts Tagged ‘ Fiscal Policy ’

Record Rate Cuts and Economic Props Light up Europe

Dec 5th, 2008 | By Mike Caggeso | Category: Financial News

A spree of economic props dominoed across Europe today (Thursday) all sharing the same theme – stopping the global financial crisis from getting worse. The European Central Bank took a drastic step to protect the Eurozone economy from shrinking further by lowering its benchmark interest rate by three-quarters of a percentage point to 2.5%.

Tags: auto industry, Bank Of America, Bank Of England, Ecb President, Economic Stimulus Plan, Fiscal Policy, Gdp, Gdp Growth, Global Financial Crisis, Jean-Claude Trichet, Mike Caggeso, rate cuts
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