On Thursday 13 July in Brussels, the finance ministers of the euro area countries will adopt a declaration in which they are expected to recommend a restrictive fiscal stance for the euro area in 2024.
There is “fairly broad agreement” around the table that “the fiscal stance for next year should be restrictive”, a European source confirmed on Tuesday 11 July. In their view, the Eurogroup will not set quantitative targets, but will provide qualitative recommendations to the...