Economics
Calls for Euro-Area Fiscal Stimulus Met With Silence, Literally
- Finance ministers approved a policy recommendation Tuesday
- Ministers didn’t discuss criticisms of their fiscal stance
From left to right, Olaf Scholz, Germany's finance minister, speaks with Christine Lagarde, president of the European Central Bank (ECB), Paolo Gentiloni, financial affairs minister for the European Commission, and Bruno Le Maire, France's finance minister, ahead of roundtable talks at a Eurogroup meeting of euro area finance ministers in Brussels, Belgium, on Monday, Feb. 17, 2020.
Photographer: Geert Vanden Wijngaert/BloombergThis article is for subscribers only.
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Euro-area finance ministers were presented with a fiscal policy document highlighting a lack of coordination, and the risk of a protracted economic malaise reminiscent of the one that befell Japan in the past three decades. Their response: silence.