Analysts at the Australia and New Zealand Banking Group (ANZ) are of the opinion that the European Union (EU) requires a drastic thought process to take benefits of the fiscal stimulus. Key quotes “As the European Central Bank (ECB) stretches the limits of monetary easing, attention is turning to fiscal policy. The euro area (EA) has potential fiscal space of 2.0% of GDP.” “Potential fiscal space is calculated using a narrow criteria, based purely on the EA budget deficit. It is unlikely to materialise as rules based fiscal policy limits the growth of the public spending path.” “Hope of a large-scale fiscal boot for the EA will probably be disappointed. We estimate that an expansion closer to 0.25-0.5% of GDP in 2020 is more likely.” “An overhaul of the current rules and a more medium-term focus on policy settings is required.” “That will leave an over-onus on the ECB to support reflation. The monetary policy framework needs reviewing, especially in light of the considerable divisions that emerged over the latest easing.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold technical analysis: Looks heavy with signs of indecision on the daily chart FX Street 3 years Analysts at the Australia and New Zealand Banking Group (ANZ) are of the opinion that the European Union (EU) requires a drastic thought process to take benefits of the fiscal stimulus. Key quotes "As the European Central Bank (ECB) stretches the limits of monetary easing, attention is turning to fiscal policy. The euro area (EA) has potential fiscal space of 2.0% of GDP." "Potential fiscal space is calculated using a narrow criteria, based purely on the EA budget deficit. It is unlikely to materialise as rules based fiscal policy limits the growth of the public spending path." "Hope of a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
