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EU ministers back €200bn strategy to boost economy

European Union finance ministers yesterday threw their weight behind a public spending plan that would inject 200bn over two years to help fight recession in the bloc's economy but stopped short of endorsing a deep cut in value-added tax.

European Union finance ministers yesterday threw their weight behind a public spending plan that would inject 200bn over two years to help fight recession in the bloc's economy but stopped short of endorsing a deep cut in value-added tax.