Financial Times FT.com

Europe rejects extra stimulus appeal

By Alan Beattie in Washington and Tony Barber in Brussels

Published: March 9 2009 21:58 | Last updated: March 9 2009 21:58

European ministers said on Monday they had no plans to add to recent fiscal stimulus packages despite calls from the US for radical expansions in government action to boost ailing economies.

Meeting in Brussels, finance ministers from the countries in the eurozone said they wanted first to see the effect of stimulus packages that had been passed. Peer Steinbrück, the German finance minister, said: “We are not debating any additional measures.”

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