By Sam Willie
The
Economist covers the European
Commission’s announcement
of a $393 million investment package aimed at kick-starting Europe’s economies.
In response to the euro-zone’s economic crisis, the European Commission was
given a great deal of power to regulate the budgets of those countries that
utilize the Euro currency. The investment package is said to be just one prong
of a larger plan, which includes efforts for structural reform and fiscal
responsibility. Though many will welcome the financial fruits of the investment
package, the EC has been criticized for failing to crack down on EU countries
like France, Italy, and Belgium, who have broken promises to implement economic
reforms and reduce budget deficits.
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