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T2 01:46.4 Heeding global calls for action to shore up Europe's sagging economy, euro zone's top finance official proposed a new growth pact.
T3 01:51.0 There’s a doubt on economic resurgence by infrastructure spending.
G20 members have repeatedly called on Germany to use its wiggle room to shore up sagging growth. But Germany has rejected such calls. However, the threat of recession will change the decisions in many countries in EU.
T4 01:59.7 EU is back in firing line after euro crisis in 2009. Four overlapping factors have rekindled anxiety.
T5 02:11.3 Merkel insisted all members of EU must fully respect the reinforced rules of the stability and growth pact to overcome the crisis. Besides, EU must be consolidated.
T6 02:27.9 Governments have three issues to address: budget consolidation, structural reforms and investment. Now, the members of EU have found a compromise to solve the problems.
Obstacle 05:36.4 Although EU is in recession, the economy of US is at a moderate pace.
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