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European governments at the foot of the wall to maintain public spending

2020-10-22T18:43:03.158Z


No offense to some frugal, now is not the time to reduce deficits. These are reaching record levels.


The second wave of Covid-19 threatens the delicate scaffolding of government stimulus plans across Europe.

The considerable resources put on the table to respond to the crisis which began in March did not foresee a relapse of the economy at the end of the year.

The specter of a W-recovery, or double recession, will require even more to keep businesses and jobs afloat.

In the United Kingdom, the Chancellor of the Exchequer, Rishi Sunak, on Thursday presented a third aid package to the sectors most affected by mobility restrictions in a month, at a potential cost of 13 billion pounds (14 billion euros).

"I have always said that we must be ready to adapt our financial support to the evolution of the situation",

he justified.

Read also:

Covid-19: how the second wave is causing the economy to relapse

Within the euro zone, the President of the European Central Bank, Christine Lagarde, called on governments to

"avoid cliff-edge effects".

“It is clear that the budget support and that of the

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Source: lefigaro

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