ECB's Lane Says Euro-Area Recovery Heavily Reliant on Fiscal Aid.

ECB officials have shown mounting concern that the slowness of the European Union's joint recovery fund, combined with a chaotic rollout of coronavirus vaccines, will leave the bloc lagging far behind other industrialized economies. (Bloomberg) -- European Central Bank Chief Economist Philip Lane said the euro area's recovery from the pandemic is heavily dependent on fiscal policy, in a signal to governments not to delay their joint stimulus or pull back national support too soon. [Extracted from the article]

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