On Tuesday 20 June, the European Fiscal Board published a report for the European Commission in which it recommends that the aggregate fiscal stance of the Eurozone in 2017 be a neutral one, along the lines of the position of the Eurogroup and the Ecofin Council.
This recommendation of the European Fiscal Board, which advises the Commission on budgetary and public finance matters, covers the Eurozone as a whole, ahead of the preparation of the 2018 budgets by the member states.
Although the...