EU calls for continued supportive fiscal policies

The European Union (EU) Commission stated that Eurozone countries should maintain their supportive fiscal policies next year to save their economies from the effects of the coronavirus epidemic.

EU Commission Economics Member Paolo Gentiloni spoke at the press conference on the work titled "European Autumn Term Package", which includes recommendations for the economic policies of member countries, and said that "increasing cases in the epidemic, sudden rising inflation and ongoing supply chain problems may adversely affect growth". .

“SUPPORTIVE FINANCIAL POLICIES TO APPLY IN 2022”

Emphasizing that Euro Zone countries should implement reasonably supportive fiscal policies in 2022 in order to save their economies from the effects of the epidemic, Gentiloni also drew attention to the importance of issues such as investments, increasing the qualifications of employees and protecting the solvency of companies.

Underlining that the Eurozone countries should deal with the increasing macroeconomic imbalances due to the epidemic, Gentiloni also reminded that the EU Commission has prepared a 750 billion euro rescue program against the economic consequences of the epidemic, and that many EU member countries will receive significant grants in 2022 and that these resources should be properly evaluated. told.