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MNI BRIEF:ECB Paper Calls For Fiscal Action As Pushback Builds

Eurozone countries will need more fiscal stimulus to pull their economies out of the Covid crisis and return debt to sustainable levels, a research paper published by European Central Bank economists Tuesday argued, just as reports appear of resistence to easing public debt borrowing limits.

The paper came as MNI reported that fiscal hawks are likely to block attempts to significantly relax rules on government borrowing under the eurozone's Stability Growth Pact.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Central Bank NewsPolicy NewsHomepageFiscalGovernment sectorStoryCEEMEAEurozoneBriefEuropean Central BankRegion
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
Central Bank NewsPolicy NewsHomepageFiscalGovernment sectorStoryCEEMEAEurozoneBriefEuropean Central BankRegion

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