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๐For high debt countries, reducing the debt-to-GDP ratio by 10-20% by 2036 requires a significantly higher adjustment than the one observed in the pre-pandemic period.
#EFBReport 3/3

The EFBโs assessment of the appropriate euro are fiscal stance in 2022 is out (โก๏ธhttps://t.co/SphZNybOfr)โ๏ธ
Here some key points:
๐Euro area fiscal stance in 2022 implied by current policies (incl. RRPs) appears appropriate.
#EFBReport 1/3

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