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Euro zone to review fiscal stance due to war in Ukraine-Eurogroup head

© Reuters.

PARIS (Reuters) – Euro zone finance ministers will consider over the next few weeks the fiscal policy implications of Russia’s invasion of Ukraine so that they can support the economy if needed, the chairman of the ministers Paschal Donohoe said.

Donohoe told a news conference that last December, the 19 countries that share the euro have agreed on a moderately supportive fiscal stance for 2022.

“In three weeks time, the Eurogroup will again review this issue. Will discuss the coordination of our budgetary policy and this discussion will come at the right time,” Donohoe said after a meeting of the ministers.

“Between now and then will allow us to revisit and review our strategy to ensure that we can support our economies and our citizens at this moment of greatest challenge,” he said.

Euro zone to review fiscal stance due to war in Ukraine-Eurogroup head

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