Free Trial

MNI BRIEF: Europe May Need Fiscal Leeway In 2020: Gentiloni

LONDON (MNI)

European policymakers should be careful that the significant fiscal policy response to the Covid-19 crisis isn't phased out prematurely, EU Commissioner for the Economy Paolo Gentiloni said Thursday, meaning any ideas that surfaced back in the Autumn about untriggering the General Escape Clause, set to expire at the end of the year, may need to be reevaluated.

How long the plan may need to run for past that date could be decided in coming weeks, Gentiloni said, confirming MNI's Jan 27 exclusive.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.