|
|
Eurogroup finance ministers in Luxembourg again focused on how best to support growth and jobs. Growth levels are expected to continue improving, but all agreed the recovery needs nurturing.
Eurogroup examined the economic situation in the euro area. While cautioning against undue pessimism, ministers acknowledged low growth and subdued inflation were unwelcome. Forecasts suggest growth levels will continue improving, albeit at a slower pace than previously forecast.
Ministers agreed the situation required a clear response from governments across the euro area. Sustainable fiscal policy, far reaching structural reforms and competitiveness boosting investment were seen as central this response.
Alongside the independent monetary policy of the ECB, ministers saw this policy mix as the best way to safeguard the economic recovery and boost jobs and growth. Ministers reiterated their belief that the Stability and Growth is the anchor of confidence in the EU.