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The European Council on 11 and 12 December 2008 approved a European Economic Recovery Plan, equivalent to about 1,5 % of the GDP of the European Union (a figure amounting to around EUR 200 billion). The plan provides a common framework for the efforts made by Member States and by the European Union, with a view to ensuring consistency and maximising effectiveness.

Nikolas Sarkozy, President of the French Republic,
President of the European Council
Photo: Council of the European Union

ЗЕЛЕНА СВЕТЛИНА ЗА ИКОНОМИЧЕСКОТО ВЪЗСТАНОВЯВАНЕ И ЗА ПАКЕТА „КЛИМАТ“ Европейски съвет – декември 2008 г. Nikolas Sarkozy, President of the French Republic and President of the European Council Photo: Council of the European Union Article