Commission adopts European Economic Recovery Plan (EERP)

The recovery plan is the Commission's response to the current financial and economic crisis. It aims to restore consumer and business confidence, restart lending and stimulate investment in the EU's economies, create jobs and help the unemployed back into work. The plan is designed to create a basis for rapid agreement between Member States to get Europe's economy moving again. The European Commission calls on the European Heads of State and Government to adopt the plan at their meeting on 11-12 December 2008.