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Company bailouts and fiscal stimulus amid the global economic crisis

Conservatives raced toward victory in the EU


By News on the Net ——--June 8, 2009

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BRUSSELS – Conservatives raced toward victory in some of Europe's largest economies Sunday as initial results and exit polls showed voters punishing left-leaning parties in European parliament elections in France, Germany and elsewhere.
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Some right-leaning parties said the results vindicated their reluctance to spend more on company bailouts and fiscal stimulus amid the global economic crisis. First projections by the European Union showed center-right parties would have the most seats — between 263 and 273 — in the 736-member parliament. Center-left parties were expected to get between 155 to 165 seats. More...

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