Euro zone ministers discuss fiscal boost options as virus worries weigh
European Economy Commissioner Paolo Gentiloni, French Finance Minister Bruno Le Maire, Irish Finance Minister Paschal Donohoe and Greek Finance Minister Christos Staikouras attend a Euro zone finance ministers meeting in Brussels, Belgium, December 4, 2019. REUTERS/Francois Lenoir REFILE - CORRECTS TITLE
The 19-country euro zone has for years stuck to a “broadly neutral” fiscal policy in its annual recommendations, despite repeated calls from the European Central Bank and slow-growth states for it to invest more. “If downside risks were to materialize, fiscal responses should be differentiated, aiming for a more supportive stance at the aggregate level,” a European Union document says, confirming a Reuters report earlier in February.
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