MADRID, Nov 27: Spanish Prime Minister Jose Luis Rodriguez Zapatero announced on Thursday an 11-billion-euro economic stimulus package to help the country cope with the global financial crisis. The package, which will be approved at a regular cabinet meeting on Friday, represents 1.1pc of Spain’s GDP and could create 300,000 jobs in 2009, he told parliament.

“This is a strong arsenal to fight the slowdown in economic activity,” Zapatero said.—AFP