16 November: Commission invites countries with fiscal scope to invest

November 16, 2016

In the words of the European Commission: "From an economic perspective, the overall euro area stance should be differentiated depending on the situations of countries in terms of sustainability and stabilisation. A number of Member States in the south-east of the fiscal map still have significant consolidation needs.The south-west quadrate shows Member States, which have fiscal scope and whose economies would benefit from limited stimulus. In this respect, the DPBs could be improved upon. In particular plans that are tilted towards the stabilisation objective in some large countries could be rebalanced towards more consolidation, while the remaining fiscal scope could be used to support short and long-term growth, notably by fostering investment."

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