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EU partners agree €200 billion fiscal stimulus package

Despite the severe criticism of Gordon Brown's blueprint for the EU economic recovery, all parties have today signed a €200 billion fiscal stimulus agreement which will see serious investment across the EU in order to try and avoid a deep recession. The last few days have shown how fragile the EU is at the moment with much infighting, the German attack on Gordon Brown was both unprovoked and went against the unspoken rule of criticising fellow EU members, but there is hope that now the package has been agreed progress can be made.

The Germans in particular seem to be particularly upset that Gordon Brown is taking the lead and claiming much of the credit when his UK blueprint has yet to really kick in and will leave the UK with over £1 trillion of debt. Whether the German government is alone in thinking this is debatable but the attack has prompted a review by many of Gordon Brown's role in the worldwide and the EU economic recovery discussions.

Never before have his economic credentials been questioned as much as they have been over the last few weeks and until the UK economy actually shows signs of reacting to the fiscal stimulus package, questions will still be asked.

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