European Parliament head Schulz calls for urgent EU action
"We urgently need to act if we want to prevent countries, such as Greece, Spain and Italy, falling back under the pressure of capital markets. The developments in the stock markets are a warning sign," the president of the European Parliament Martin Schulz told Der Tagesspiegel in an interview.
He noted that "now we must quickly supplement the unilateral policy of cuts with a policy of investments and growth."
"For this reason, the president of the Commission Jean-Claude Juncker is planning a 300 billion euro package, which the European Union will have to prepare, in order to create growth and jobs," he added."
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