Paschal Donohoe, President of the Eurogroup, said Monday that supportive economic policies should remain in Europe for as long as necessary, as reported Reuters.
Additional statements
“National budgets must be addressed in the eurozone in a coordinated manner.”
“We want a common approach to the budget stance for the summer.”
“Some businesses will not be viable in the long term.”
“As the recovery phase begins, we will move to more business-specific support measures.”
“In April there will be more discussions about which companies are viable.”
Market reaction
These comments do not appear to be affecting the performance of the shared currency against its rivals. At time of writing, the EUR / USD pair was up 0.15% on the day at 1.2135.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
