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6/23, 10:10 AM (Source: TeleTrader)
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EU needs expansionary policy to achieve lasting growth - Draghi

Italian Prime Minister Mario Draghi insisted on Wednesday that the European Union needs to adopt a wide expansionary fiscal policy in order to achieve lasting economic growth following the coronavirus pandemic.

"Our aim is to overcome in a long-lasting and sustainable way the low growth rates Italy reported before the pandemic," Draghi said addressing Italy's lower house of parliament.

The statement comes a day after the bloc approved Italy's €191.5 billion recovery package coming from the Next Generation fund.

Breaking the News / ND