Fiscal policy in the Eurozone is of vital importance given the impact that the services sector received, Christine Lagarde, president of the European Central Bank (ECB).
Lagarde further explained that monetary policy cannot be as focused as fiscal policy and He reiterated that the tax package should not be significantly delayed.
Market reaction
These comments do not appear to have an impact on the market. EUR / USD is trading at a month high, very close to 1.20, supported by a general decline in the dollar.
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