Euro zone governments must keep spending heavily to keep unemployment down and bolster confidence while the bloc recovers from an historic recession, European Central Bank President Christine Lagarde said on Sunday.
FILE PHOTO: European Central Bank President Christine Lagarde wears a protective mask as she attends the Informal Meeting of Ministers for Economics and Financial Affairs in Berlin, Germany, September 11, 2020. Kay Nietfeld/Pool via REUTERSFRANKFURT: Euro zone governments must keep spending heavily to keep unemployment down and bolster confidence while the bloc recovers from an historic recession, European Central Bank President Christine Lagarde said on Sunday.
"Confidence in the private sector rests to a very large extent on confidence in fiscal policies," Lagarde said in a speech."Continued expansionary fiscal policies are vital to avoid excessive job shedding and support household incomes until the economic recovery is more robust.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Online concerts and government spending: How K-pop is riding out the COVID-19 pandemicSEOUL: In June 2013, a seven-member boyband released its first music video No More Dream. The track reached the heady heights of 84 on the South ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
India's Maharashtra state nears 1 million coronavirus cases, rivalling Russia, stifling recoveryMUMBAI (REUTERS) - India's biggest and richest state, Maharashtra, is set to record its millionth infection of the new coronavirus on Friday (Sept 11), putting it on par with Russia in the pandemic and stifling India's attempts to turn around an economic plummet.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
A leaner SIA must remain a great way to fly when recovery takes offAlmost a month ago, I wrote a column highlighting the acute disadvantages Singapore Airlines (SIA) faces, and how the shutdown in global air travel would force the carrier to downsize.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
K-shaped 'recovery' hits emerging markets. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
More than 290 caught in nightclubs for violating Malaysia’s COVID-19 measuresKUALA LUMPUR: A record of 294 people were booked on Saturday (Sep 12) for flouting Malaysia's COVID-19 recovery movement control order (RMCO) ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Cycling: Further fan restrictions on Tour climbs as race heads to COVID-19 'red zones'CLERMONT FERRAND, France: Authorities will reinforce restrictions on spectators on Tour de France climbs situated in COVID-19 'red zones' to avoid ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »