Eurozone set to spend 
more to boost economy

Eurozone finance ministers are set to agree this month on a more growth-friendly fiscal policy, three European Union officials said on Friday, a change from current targets that would pave the way for more spending in Germany amid fears of a downturn.
Repeated attempts to boost investment and growth in the 19-country bloc have failed in past years as Germany kept posting large budget surpluses despite calls to spend more.

But now, amid fresh recession fears in Germany and concerns about the impact on the global economy of the coronavirus outbreak in China, eurozone countries have reached a preliminary agreement to increase spending in the event of a downturn.
"If downside risks were to materialize, fiscal responses should be differentiated, aiming for a more supportive stance at the aggregate level," a draft text agreed by eurozone envoys said, according to an...

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