Draghi encourages ‘greater role’ for fiscal policy

jackson-hole
Jackson Hole

Mario Draghi encouraged national governments to "play a greater role" in stimulating economic demand in the eurozone yesterday, at the Jackson Hole symposium in Wyoming.

The ECB president made the case for more "growth-friendly" fiscal policy and stronger co-ordination between eurozone member states, as well as support from the European Union for a "large public investment programme".

This marks a departure from his previous comments on public finances, which have focused primarily on the import

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