Given the uncertain economic situation, the European Commission is now calling for the aggregated budgetary orientation of the Eurozone to be focussed on expenditure increases in 2017 of 0.5% of GDP.
This slightly expansionary budgetary orientation would correspond to a stimulus of around €50 billion, the European institution states in the specific communication it presented on Wednesday 16 November, at the launch of the “European Semester” budgetary process for 2017. According to...