In a statement adopted on Thursday 13 July, the finance ministers of the euro area countries recommend “a restrictive fiscal stance” at euro area level for 2024, without setting an average target for reducing public deficits.
Although it expects growth to strengthen next year, the Eurogroup is of the opinion that the downside risks to the economy predominate. Inflation remains too high and requires careful monitoring of its key determinants, “particularly (business) margins and wage...