Lunedì, 22 Ottobre 2018
BRUSSELS

European countries can relax austerity policies, says Rehn

English
© ANSA

Brussels, April 25 - European countries like Italy
have done so well with fiscal consolidation, including austerity
measures, that they may now be able to slow their pace, the
European Union's top economic official said Thursday.
Policies can now be a bit less aggressive because of
previous strong measures, said Olli Rehn, commissioner of
economic and monetary affairs.
The work of authorities including the European Central Bank
has also contributed to greater financial stability in the
region, he told a conference in Brussels.
"The slowing of consolidation is now possible, thanks to
the efforts made by the countries in difficulty, the commitment
by the ECB, and credible budgetary policies," he said.
Earlier, a senior official with the International Monetary
Fund said that continued austerity policies could hurt Europe's
economies and that policymakers should now turn to boosting
growth.

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