Free Trial

MNI BRIEF: Extend EU Support Schemes To Boost Growth - Panetta

(MNI) LONDON
(MNI) Frankfurt

Next Generation EU support could double the public investment-to-GDP ratio in some member states, ECB Executive Board member Fabio Panetta writes in a blog post Tuesday, but liquidity remains underused or ill-targeted.

Instead, tools such as NGEU and SURE should be extended and adapted to help stimulate employment growth as the post-pandemic recovery gains speed. EU fiscal rules should be reformed to make them both more sustainable, more responsive to short-run market fluctuations and more sustainable at the national level, Panetta writes.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
True
MNI London Bureau | +44 20 3983 7894 | luke.heighton@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.