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Eurogroup Pres: Confident We Will Maintain Consensus On EZ Fiscal Policy

EUROZONE

Paola Tamma at Politico tweets comments from President of the Eurogroup, Irish Finance Minister Paschal Donohoe: "Paschal Donohoe walks into the Eurosummit projecting optimism:"I'm absolutely confident [we will] maintain a political consensus on what is the appropriate fiscal policy for the euro area," tries to dispel recession ghost: "What we see happening at this moment is rather growth."

  • On Thursday, MNI published a story where EU officials told our policy team that eurozone ministers are set to signal a tighter fiscal stance at the July eurogroup meeting. For more details see full story at: https://marketnews.com/policy/central_bank/mni-eu-...
  • Meanwhile, the European Commission has rejected advice from the independent European Fiscal Board to adopt a 'moderately restrictive' fiscal stance in 2023. A Commission spox told MNI that "the Commission considers that uncertainty and risks to the economic outlook warrant the extension of the general escape clause of the Stability and Growth pact through 2023". For full story see: https://marketnews.com/policy/central_bank/mni-eu-...
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Paola Tamma at Politico tweets comments from President of the Eurogroup, Irish Finance Minister Paschal Donohoe: "Paschal Donohoe walks into the Eurosummit projecting optimism:"I'm absolutely confident [we will] maintain a political consensus on what is the appropriate fiscal policy for the euro area," tries to dispel recession ghost: "What we see happening at this moment is rather growth."

  • On Thursday, MNI published a story where EU officials told our policy team that eurozone ministers are set to signal a tighter fiscal stance at the July eurogroup meeting. For more details see full story at: https://marketnews.com/policy/central_bank/mni-eu-...
  • Meanwhile, the European Commission has rejected advice from the independent European Fiscal Board to adopt a 'moderately restrictive' fiscal stance in 2023. A Commission spox told MNI that "the Commission considers that uncertainty and risks to the economic outlook warrant the extension of the general escape clause of the Stability and Growth pact through 2023". For full story see: https://marketnews.com/policy/central_bank/mni-eu-...