European Union leaders will back on Friday a slightly tighter fiscal policy for the euro zone next year, to help bring down inflation and make public finance...
BRUSSELS - European Union leaders will back on Friday a slightly tighter fiscal policy for the euro zone next year, to help bring down inflation and make public finance more stable after the excess spending of the COVID pandemic and the energy price crisis.
"This would be appropriate in light of the current macroeconomic outlook, of the need to continue to enhance fiscal sustainability, and to support the ongoing disinflationary process, while policies should remain agile in view of the prevailing uncertainty," the endorsed recommendation says. The leaders will also endorse a plan agreed by EU finance ministers on how to attract private capital to Europe to finance the continent's costly transition to a greener and more digital economy while competing with China and the United States for key technologies and raw materials.
"The CMU is one of the key components of our renewed focus on euro area competitiveness, which is imperative to respond to the profound shifts occurring in the global economic landscape," he said.Attorney General Prepares to Seize Trump’s Massive New York Estate Former President Trump’s attorney Alina Habba responded to claims that he could be seeking foreign sources to pay his massive legal fees, but she said Wednesday she “can’t speak” about the strategy.
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