The finance ministers of the euro area countries recommend a restrictive fiscal stance for 2025 at euro area level, in a declaration adopted on Monday 15 July.
The implementation of the revised Stability and Growth Pact “is expected to lead to a contractionary fiscal stance for the euro area as a whole in 2025”, said the Eurogroup, for whom “this stance is appropriate, in light of the macroeconomic outlook, the need to continue to enhance fiscal sustainability, and to support the...