Economics
Euro Area Prepares for Fiscal Showdown With ECB Arsenal Depleted
- Review of EU economic governance set to be published on Feb. 5
- Report expected to kickstart talks on reviewing fiscal rules
Photographer: Tomohiro Ohsumi/Bloomberg
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The euro area does fiscal policy wrong, the European Union’s executive arm will say in a document due to be published next week, echoing ever louder warnings by central bankers about the need to make better use of public purse strings to spur growth.