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MNI: EU Fiscal Scolding Seen Falling On Deaf Ears

(MNI) Brussels

EU officials will use next week's Eurogroup to make another call for fiscal rigor.

EU officials will make a fresh bid at Monday’s Eurogroup meeting of eurozone finance ministers to persuade member states to better align their fiscal policies and energy support measures with the European Central Bank’s monetary policy stance, officials told MNI, admitting that their chances of success were modest.

While Eurogroup Chair Paschal Donohoe has repeatedly urged finance ministers to make fiscal support for consumers and business “temporary and targeted,” his advice has so far fallen on deaf ears.

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EU officials will make a fresh bid at Monday’s Eurogroup meeting of eurozone finance ministers to persuade member states to better align their fiscal policies and energy support measures with the European Central Bank’s monetary policy stance, officials told MNI, admitting that their chances of success were modest.

While Eurogroup Chair Paschal Donohoe has repeatedly urged finance ministers to make fiscal support for consumers and business “temporary and targeted,” his advice has so far fallen on deaf ears.

Keep reading...Show less