Home Economy Former EU economy commissioner sees looser fiscal rules in 2023 also

Former EU economy commissioner sees looser fiscal rules in 2023 also

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Joaquin Almunia, chairman of the board at the Center for European Policy Studies (CEPS) and a former European commissioner for economic and monetary affairs, will be taking part in the Delphi Economic Forum running April 6-9. [EPA]

“Growth forecasts will need to be revised downwards, even without falling into recession,” Joaquin Almunia, chairman of the board of the Center for European Policy Studies (CEPS) and a former European commissioner for economic and monetary affairs, tells Kathimerini, speaking of the need to ease fiscal policy in 2023 as well.

With the Ukrainian crisis in full swing, the Spanish economist believes that the EU needs to wait a bit longer before discussing reforms to the Growth and Stability Pact, while outlining the factors that will determine the magnitude of losses to the global economy and stressing…

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