“Withdrawing support measures for COVID-19 too soon is more dangerous than doing it too late“said the European Commissioner for the Economy on Monday, Paolo Gentiloni, it’s a statement.
Featured statements:
“In the coming weeks, the EU will decide whether the growth and stability pact freeze should be extended“.
“The EU target of vaccinating 70% of the adult population by summer is ambitious but achievable“.
“The Draghi government is essential to restore confidence in Italy, and it helps to overcome the resistance of other member states to reform the stability pact.”
“Italy’s recovery plan is already well founded, but many steps forward are still needed in the reform commitments and the procedures to be carried out.”
“Italy will need economic policies to gradually reduce current debt and not create permanent debt.”
EUR / USD moves away from lows
EUR / USD is attempting to rally around 1.2125, having hit a low of 1.2113 amid a surge in US Treasury yields. The pair gains 0.05% on the day.
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