Europe should adopt expansionary fiscal policy, Fed's Stanley Fischer says
Fed deputy governor praises Mario Draghi
The eurozone must supplement its "courageous" monetary and supervisory policies with "an expansionary fiscal policy", Federal Reserve deputy governor Stanley Fischer has said. His remarks came in a speech given to the conference on ‘Inflation and unemployment in Europe' hosted by the European Central Bank (ECB) in May and recently published online.
Fischer quoted the French statesman Jean Monnet's remark that "Europe will be forged in crises, and will be the sum of the solutions adopted for
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