European Union finance ministers agree that supportive fiscal policy is still necessary for the economic recovery, Finance Minister Mihály Varga said after an informal ECOFIN meeting in Brdo, Slovenia.
In a statement released by his ministry, Varga said the finance ministers concurred that a hasty withdrawal of fiscal support – as happened after the 2008 crisis – could hold back the growth of Europe’s economies and even lead to another crisis.
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Minister Varga: EU Finance Ministers Agree Supportive Fiscal Policy Still Needed
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