Ewald Nowotny, a policymaker at the European Central Bank, said the euro zone needs additional measures, perhaps looser fiscal policy, to secure economic growth.
“This applies to structural reforms and fiscal policy,” he said in an interview with Poland’s Rzeczpospolita.
Nowotny was asked if he was suggesting that the fiscal policy should be more expansive, and replied, “For a considerable time it was restrictive. Now it could be described as neutral, but there may be a need for it to become expansive.”
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