EU executive urges euro zone to use fiscal policy to help ECB create jobs


The European Commission called on euro zone governments on Tuesday to use fiscal policy and to invest in their economies, if possible, to help the European Central Bank's efforts to boost inflation and job creation.

In annual recommendations for the 19 countries that share the euro, the EU executive said governments should also start talks on setting up a bank deposit insurance scheme and added it would propose a pan-EU unemployment reinsurance scheme. "The European Central Bank is maintaining an accommodative monetary policy.....

This article is no longer available in our repository.

There could be multiple reasons for this.