ECB’s Panetta: Europe needs a joint fiscal response

Dhwani Mehta FXStreet

The new European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday, Europe needs a joint fiscal response.

Further comments

Asymmetric response to the virus risks political spillover.

Failure to act will amplify ultimate taxpayer costs.

Fiscal policy must push costs very far into the future.

Thursday's EU summit will not take final decisions on financing coronavirus recovery fund – Reuters

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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