FILE PHOTO: European Union flags fly outside the European Commission headquarters in Brussels, Belgium, April 10, 2019. REUTERS/Yves Herman
March 14, 2022
By Jan Strupczewski
BRUSSELS (Reuters) – Euro zone finance ministers are likely to endorse on Monday the European Commission’s view that fiscal policy should move from supportive to neutral in 2023, but that they must be ready with more cash should the war in Ukraine make it necessary.
Finance ministers from the 19 countries sharing the euro meet on Monday to discuss their fiscal stance next year as Russia’s invasion of Ukraine increased uncertainty and risks to EU economic growth that is rebounding after the pandemic.
“It’s going to be more difficult than we thought still a few weeks ago,” a senior euro zone official involved in the preparation of the talks said.
The Commission recommended on March 2 that…
