EU’s Gentiloni: We’re in a period of economic contraction
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European Commissioner for Economy Paolo Gentiloni said in a statement on Thursday, “we’re in a period of economic contraction.”
“Contraction can be limited to two quarters.”
“A technical recession in Germany is uncertain.”
“China’s reopening means LNG prices are going up.”
“Real inflation challenge is adapting fiscal policy.”
“We need more flexible, enforceable EU fiscal rules.”
“Finding a fiscal rule accord in March is challenging.”
EUR/USD was last seen trading at 1.0817, up 0.25% on the day.
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