Finance ministers of the eurozone feel that the euro area fiscal stance should not be expansionist, in opposition to the European Commission’s recommendations for a budget policy that gently aims at a spending increase of 0.5% of GDP (see EUROPE 11669).
‘On the basis of Commission analysis, in July, the Eurogroup said that the broadly neutral aggregate fiscal stance in 2017 strikes an appropriate balance. The Eurogroup today underlines the importance to strike an appropriate balance...