The economic leaders of the European Union held a meeting on Monday in Brussels, citing that euro countries with huge growth to heighten spending. This is an attempt to convince Germany to step up its public expenditure and to bolster its economic bloc. Germany is anticipated to grow by 1.8 percent this 2017, as indicated in the estimate of the International Monetary Fund, while the trade surplus continued to rise. The stable development of the German economy was linked with the same advancement in government expenditure with a 0.8 percent record on fiscal surplus in 2016. A group of finance ministers was going to discuss at their monthly meeting about the fiscal stance of the EU in 2018 since some urged to influence the budgetary decisions of the 19 EU-member states. The effort of the European Commission to make a slight development on fiscal policy for the entire euro area within this year was fulfilled by the German opposition, however, dropped afterward. Prior the discussion on the 2018 policy, the Economics Commissioner Pierre Moscovici claimed that the logical basis of fiscal stimulus remains despite firm growth in the euro area.
联系我们 
