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Economy 4 hours earlier (Feb 15, 2021 09: 40 AM ET)
© Reuters. FILE IMAGE: FILE PHOTO: European Union flags flutter outside the European Commission head office in Brussels
By Jan Strupczewski
BRUSSELS (Reuters) – Euro zone finance ministers are holding preliminary talks on Monday on when and how the anticipated pick up in economic activity, and the lifting of pandemic lockdowns, should affect the quantities of money federal governments now pump into the economy to keep it going.
Euro zone federal governments have actually made readily available trillions of euros to economies because the start of the pandemic in February 2020 in numerous procedures to support corporate liquidity, loan payment moratoria, tax deferments and salary subsides.
” One of the risks is that the political dynamics pushes everybody to say that we need to not withdraw assistance too early since of the threats involved,” a second senior euro zone official stated.
Such capital markets union, integrated with an EU-wide bank deposit guarantee system that would finish the bloc’s banking union, would raise the function of the euro worldwide, giving euro zone countries a few of the advantage now enjoyed only by the U.S. dollar, officials believe.
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