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MNI BRIEF: EZ '24 Fiscal Contraction Still Appropriate-Eurogroup

(MNI) LONDON
(MNI) Brussels
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A further contraction in Euro Area fiscal policy next year is still appropriate, eurozone finance ministers said in a statement Thursday.

While the ministers noted the recent ruling by the German Constitutional Court could have an impact on the bloc’s aggregate fiscal stance next year, the ministers said it was important that policy remained “agile” and noted that increased investment would underpin growth.

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A further contraction in Euro Area fiscal policy next year is still appropriate, eurozone finance ministers said in a statement Thursday.

While the ministers noted the recent ruling by the German Constitutional Court could have an impact on the bloc’s aggregate fiscal stance next year, the ministers said it was important that policy remained “agile” and noted that increased investment would underpin growth.

Keep reading...Show less