Commission adopts temporary framework for Member States to tackle effects of credit squeeze on real economy

Posted by D. Daniel Sokol

In a press release, the European Commission has outlined how to address the financial crisis. As the press release reports, "All measures are limited until the end of 2010 and subject to conditions. Based on Member States' reports, the Commission will evaluate whether the measures should be maintained beyond 2010, depending on whether the crisis continues."

The Framework is available on the Commission's website.