ECB WARNS ON SCRAPPAGE SCHEMES

  01 December 2009

Across the euro area, 11 countries have so far implemented or are about to implement vehicle scrapping schemes to soften the impact of the downturn. The budgetary cost of these car scrapping schemes is expected to amount to less than 0.1% of GDP in the euro area as a whole in 2009-10. The measures appear…

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