Economics
ECB Steps Up Warnings to EU Not to Delay Joint Recovery Stimulus
- Visco calls it ‘crucial,’ Schnabel warns of economic disaster
- Germany’s top court has temporarily halted ratification of law
This article is for subscribers only.
European Central Bank policy makers stepped up their pressure on the region’s governments to get on with their joint fiscal stimulus, using stronger language to warn of economic chaos for the region if politicians move too slow.
Bank of Italy Governor Ignazio Visco called the European Union recovery fund “crucial” in an interview with Bloomberg TV, and Executive Board member Isabel Schnabel said separately that a long delay would be a “disaster.”