Economics
Draghi-Macron Rule Suggestions May Ease EU Fiscal Policy
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Italian Prime Minister Mario Draghi and French President Emmanuel Macron have endorsed a plan for changing the European Union’s fiscal framework. While it’s unlikely to be implemented in full, Bloomberg Economics calculations show that the proposed changes are consistent with a significant loosening of fiscal policy compared with existing rules. They would increase investment spending and help the euro-area economy recover from future shocks.
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