Omicron variant shakes up budget discipline

New wave of the coronavirus, new variant: governments are once again up against the wall on their fiscal policy.

Should we resuscitate “whatever the cost” to protect the economy from a possible turnaround?

The question resurfaces for the finance ministers of the euro zone, while 2022 was to be a year of transition towards the return to strict rules on the deficit and the debt.

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"It is a concern, but we have always anticipated new health risks, which we have taken into account in our budget projects for 2022 which support growth and employment",

affirms to

Paschal Donohoe, president of the Eurogroup (the finance ministers of the 19 countries of the euro zone).

The Irishman met his counterpart Bruno Le Maire on Monday in Paris.

The latter will take on his side for six months, from January 1, the cap of President of Ecofin, which brings together the 27 EU finance ministers.

"2022 will be a complicated year like 2020 and 2021"

Paschal Donohoe, President of the Eurogroup

According to Paschal Donohoe,

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