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EU seeks billions of euros to revive economy

2014-09-13 34 Dailymotion

ROUGH CUT (NO REPORTER NARRATION)<br/> <br />STORY: The European Union sought ways on Saturday to marshal billions of euros into its sluggish economy without getting deeper into debt, casting the net wide to consider options from a pan-European capital market to a huge investment fund.<br/> <br />Finance ministers from the bloc's 28 countries gathered at an informal Ecofin meeting in Milan to flesh out a host of ideas circulating in European capitals. With interest rates already at record lows, ministers need radical steps to help growth at a time of near record unemployment.<br/> <br />At their meeting, ministers have four ideas in front of them: an Italian paper on new financing tools for companies, a Franco-German proposal on how to boost private investments, a Polish proposal on creating a joint EU fund and incoming president of the European Commission Jean-Claude Juncker's call for a 300-billion-euro ($907 billion) investment program to revive the European economy.<br/> <br />Poland wants a 'European

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