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Paolo Gentiloni, European Commissioner for the Economy

“A premature withdrawal of fiscal support should be avoided, because pulling back too quickly would be a policy mistake. There is a growing consensus in Europe and internationally on this. Second, the best way to secure public debt sustainability is to support the recovery and thereby reduce the risk of scarring and economic divergence. And third, erring on the side of caution in the current circumstances means to maintain fiscal support. We will not repeat the mistake of the last crisis.”

Paolo Gentiloni, European Commissioner for the Economy© European Union, 2020
European Union, 2020

date:  25/03/2021