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Europe Daily Bulletin No. 11673

23 November 2016
EUROPEAN PARLIAMENT PLENARY / Economy
Euro area fiscal stance recommended by the Commission divides Left and Right
Brussels, 22/11/2016 (Agence Europe)

The divisions within the European Parliament between political groups on the Left and Right reappeared on Tuesday 22 November, at a debate on the economic policy to be pursued in order to stimulate economic recovery in Europe.

In particular, tensions have arisen over the aggregated Eurozone budgetary orientation, which in 2017, the European Commission would like – for the first time ever – to be slightly expansionary, at 0.5% of GDP (see EUROPE 11669). In order for this policy to be...

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