City
Epaper

'EU economy rebounding but not yet out of danger'

By IANS | Published: September 11, 2021 1:00 PM

Brussels, Sep 11 Despite a stronger than expected second quarter, the European Union (EU) must remain vigilant about ...

Open in App

Brussels, Sep 11 Despite a stronger than expected second quarter, the European Union (EU) must remain vigilant about the Covid-19 pandemic and potential supply bottlenecks, European Commissioner for Economy Paolo Gentiloni said.

Speaking at a press conference on Friday, he also spoke about the risk of growing inflation throughout the EU, "which we consider temporary", reports Xinhua news agency.

"It is crucial that we keep the macroeconomic policy mix supportive. Of course, transforming this generalised support gradually into a more targeted and selective one, but without thinking that now is the time for restrictive policies. This would be quite dangerous," he said.

Gentiloni said Europe was "not only looking for an (economic) rebound" but "a sustained and sustainable growth".

He said 18 national economic recovery plans had been approved so far, with work continuing on the rest.

During a meeting of the eurozone Finance Ministers, they discussed "the uneven impact of COVID-19 across economic sectors and regions", as well as medium-term policy actions to avoid further divergences.

The Ministers listened to a presentation from the European Centre for Disease Control (ECDC), which confirmed that 71 per cent of adults in the EU had been fully vaccinated.

At the same time, 13 countries had seen an increase in case numbers and some in the number of deaths, the ECDC said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: European UnionXinhuaState steelEuropean affairsNe region
Open in App

Related Stories

International“Looking Forward to Elevate the India-EU Ties to Greater Heights”: Narendra Modi After EU President Congratulates Him on Election Win (See Tweets)

InternationalEU, 26 Countries Support Taiwan at World Health Assembly Despite China’s Attempt to Prevent Them From Being Invited in Past Years

InternationalEuropean Union, G7 Leaders Urge Preventing Escalation in Mideast

InternationalUkrainian Foreign Minister Welcomes European Union's 5 Billion Euros Military Aid Package

InternationalBelgium: Protesting Farmers Hurl Eggs, Clog Streets With Tractors As EU Summit Begins in Brussels (Watch Videos)

Politics Realted Stories

PoliticsWest Bengal Assembly By-Elections 2024: TMC Releases List of Candidates for July 10 By-Polls

MaharashtraMaharashtra Assembly Election 2024: Taking Control of State Is My Endeavour; NCP (SP) Must Win Assembly Polls for That, Says Sharad Pawar

PoliticsCID Summons Former CM BS Yediyurappa To Appear for Questioning in Pocso Case

Politics'Will Prime Minister Visit Manipur Now?' Uddhav Thackeray Questions After RSS Chief's Statement

NationalOdisha: BJP Government Oath-Taking Ceremony Rescheduled to June 12 Due to PM Modi's Busy Schedule