Satisfied that the economy has held up better than expected this winter and that the risks to the economy are “broadly balanced”, eurozone finance ministers reaffirmed on Monday 13 March that “there is no justification for large-scale fiscal stimulus to boost aggregate demand”.
In its statement adopted in reaction to the European Commission’s 2024 budget guidelines (see EUROPE B13137A6), the Eurogroup does not mention the deactivation of the general escape clause of the...