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MNI BRIEF: G7 To Confirm Parallel US-EU Fiscal Stance: EC Head

EU Commission President Ursula Von Der Leyen said Thursday she was looking to the G7 summit to endorse the continuing 'parallelism' of the EU and US fiscal approaches. Von Der Leyen told a press conference that fiscal support of the EU and US during the crisis in 2020 and 2021 had been broadly comparable, at 18% and 20% of GDP respectively.

"I am very much looking forward to the G7 confirming that there will be continuing parallelism in our approaches, and particularly in maintaining fiscal support," the Commission chief said.

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

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