Poland urges EU to spend 700b euros to boost growth

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AFP, Warsaw ;
Poland has called on the European Union to loosen its purse strings to boost growth, becoming the latest country to question German-led austerity as the eurozone economy continues to falter.
The 28-member bloc should agree to about 700 billion euros ($900 billion) in spending over the next five years, Poland’s finance minister said in an interview published on Friday.
“Europe is strangling itself unnecessarily We need to convince Europe that it needs to spend more,” Minister Mateusz Szczurek told the Financial Times.

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