Euro area finance ministers believe that “a supportive fiscal stance for the economy is appropriate for 2021”, in order to tackle the recession triggered in 2020 by the Covid-19 pandemic and to revive the economy in 2021.
According to the Eurogroup, meeting on Wednesday 16 December by videoconference, the fiscal policy of the Euro area will still have to be expansionary next year through “well-targeted and temporary” measures.
If the economic situation improves, some of these...