EU Affirms Debt-Cut Strategy in Face of ‘Fragile’ Outlook
This article is for subscribers only.
The European Union will tell its counterparts in the Group of 20 nations that a shaky economic recovery requires renewed commitment to budget cuts and other structural reforms.
“The situation remains fragile” in the euro area, the EU said in a planning document prepared for next week’s G-20 meeting in Washington and obtained by Bloomberg News. The document affirms the EU’s “fiscal consolidation strategy” and calls on other countries to speed up similar efforts.