ECONOMY : ECONOMIC CLIMATE MOST SOMBRE SINCE 1985.

The European Commission's services hope that the implementation of the European economic recovery plan will prevent large job losses and an excessive fall in growth. A spokesperson said, on 8 January, that the national plans already announced in the framework of this plan already represented 0.91% of the EU's GDP - "a good result" in comparison to the 1.2% objective set out in the European plan approved in December (see Europolitics 3658), all the more so since additional measures will be...