ContextPress remarks in Brussels after a meeting of euro area finance ministers with the IMF; the Eurogroup coordinates economic policies for the single currency amid weak growth.
Why it mattersEuro area ministers agree a slightly contractionary fiscal stance for 2025 under the new budget rules.
Problems raised
Public finances need to be consolidated after years of support.
Inflation is still coming down.
Productivity and competitiveness are weak.
Solutions proposed
Follow a gradual medium-term budget consolidation path.
Protect public investment and structural reforms.
Keep a slightly contractionary fiscal stance for 2025.
