Eurogroup head urges Germany to spend

Germany should use its fiscal leeway to help foster an economic recovery, particularly in the manufacturing sector, Eurogroup head Mario Centeno said on Tuesday. At the same time he urged Italy to deliver on its budget promises and be cautious with monetary measures,

“It is of course high time for budget execution and delivery in Italy. We must see some delivery there. In Germany it is time to use the leeway to foster a recovery in particular of the manufacturing sector,” he said cited by Reuters.

In response to a question on the viability of a European Safe Asset, he said “Yes we need to develop such an asset. It’s not really today on the agenda, that debate, but I hope in the future we will be able to raise it to that level.”

The term “safe asset” refers to the idea of issuing financial instruments backed by euro zone countries as a way of furthering integration.

Similar articles

  • High-level policy roundtable designs Europe that matters

    High-level policy roundtable designs Europe that matters

    Poll: 60% of Europeans aren't sure they would miss the EU if it were gone

    At a time when Europe is embarking on a new ambition to tackle a myriad of challenges it is facing at home and abroad, the citizens said that their enthusiasm for the EU is not flourishing, but on the contrary - it is withering. The latest poll of EU citizens, commissioned by the Brussels-based think tank Friends of Europe, throws light on what Europeans want from the EU, with regard to the priorities, tackling inequalities and having a bigger say. 

    30
  • Air pollution in Europe causes hundreds of thousands premature deaths

    Air pollution in Europe causes hundreds of thousands premature deaths

    Poor air across Europe caused up to 412,000 premature deaths in 2016, according to an EU report released last Wednesday. According to the European Environmental Agency, city dwellers across the continent are at risk of life-threatening air pollution, and Member States should take rapid action to tackle the issue. The report cited WHO figures that pointed at heart disease and stroke as the most common reasons for premature death due to air pollution, followed by lung diseases and lung cancer.

    18
  • Labour Authority starts working

    Labour Authority starts working

    The new agency will make cross-border business activities get smoother

    The European Labour Authority officially started its activities last Wednesday with an inaugural ceremony and the first meeting of its Management Board, the EU press service reported. The launch took place two years after EC President Jean-Claude Juncker announced the idea in his 2017 State of the Union address. The opening ceremony was held in Brussels with the participation of President Juncker, Slovakia's PM Peter Pellegrini, given the fact that namely Slovakia will host the new agency, Commission VPs Valdis Dombrovskis and Maros Sefcovic, Labour Commissioner Marianne Thyssen, etc.

    25