This statement is regarding the energy market and inflation, not what's happening in the US.
- We agree that over 23-24 that prudent fiscal policies should aim at ensuring medium-term debt sustainability
- Broad-based fiscal stimulus to aggregate demand is not warranted
- Given strong spillovers in energy markets, eurozone economies will coordinate measures to preserve integrity of single market and competitive playing field
- Will continue to phase out energy support measures, which would also contribute to reducing govt deficits
If the banking crisis spills over to Europe, it will be from one crisis to another.
