Brussels, 25/08/2014 (Agence Europe) - Faced with low growth and continued low inflation in the eurozone, the European Central Bank is now changing tack and recommending making greater use of budget policies at both national and European levels.
At a world summit of central bankers at Jackson Hole at the weekend, ECB President Mario Draghi said: “It would be helpful for the overall stance of policy if fiscal policy could play a greater role alongside monetary policy. The eurozone has...