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- EU finance ministers to back fiscal boost in case of downturn - Reuters reports
EU finance ministers to back fiscal boost in case of downturn - Reuters reports
Reuters reports that a joint document adopted on Tuesday by the EU finance ministers, including Germany’s finance minister Olaf Scholz, said that the Eurozone should be ready for a fiscal boost if a downturn hits its economy.
“If downside risks were to materialise, fiscal responses should be differentiated, aiming for a more supportive stance at the aggregate level, while ensuring full respect of the Stability and Growth Pact,” the statement said.
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