Eurozone governments must pursue fiscal expansion, Praet says


Eurozone governments need to pursue expansionary fiscal policies if they want to see a full economic recovery, Peter Praet said.

The eurozone’s fiscal stance was only “mildly expansionary”, the European Central Bank’s chief economist told an audience in Frankfurt on March 27. The operation of automatic stabilisers were also helping to support economic activity in the eurozone, Praet said.

But he argued that to reap “the full benefits from our monetary policy measures, other policy areas must

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: