November 29, 2023

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EU economic system chief says extra public intervention ‘inevitable’

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“We should always begin from the truth that public intervention can have a stronger position than prior to now – that is inevitable,” Gentiloni mentioned on the Brussels Financial Discussion board on Thursday. “However a part of this inexperienced tech race “- that is happening everywhere in the world “- is supported by governments, and I feel this dimension must be there at nationwide and European degree.”

The EU faces challenges to keep up sustainable development whereas slowly decreasing the continent’s public debt, reducing inflation and growing households’ buying energy.

“We’d like fiscal duty, we have to scale back the money owed, and we have to deal with inflation,” Gentiloni mentioned. “On the identical time, we’ve to face the challenges of the completely different transitions and the mountain of funding that we’ve forward of us.”

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