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Image header Agence Europe
Europe Daily Bulletin No. 12428
ECONOMY - FINANCE - BUSINESS / Economy

Euro area countries advocate a “more supportive” fiscal response if economic downturn

European finance ministers are calling for an aggregate fiscal response at the euro area level that fully respects the Stability Pact in order to cope with a prolonged period of sluggish growth.

The ‘Ecofin’ Council adopted the recommendation on the economic policy of the euro area on Tuesday, 18 February; in it, the ‘Ecofin’ Council emphasises that this fiscal response should be “differentiated” according to the specific situation in each euro area country and should avoid any...

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