2/19, 4:49 PM (Source: TeleTrader)
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Q4 numbers better than feared - Eurogroup head

Eurogroup President and the Republic of Ireland's Minister for Finance Paschal Donohoe (pictured) said on Friday that the economic figures for the fourth quarter in the Eurozone have "turned out better than feared."

Speaking in an interview for the Frankfurter Allgemeine Zeitung, Donohoe nevertheless noted that the data "doesn't mean a lot for this year" due to further developments surrounding the coronavirus pandemic, such as virus mutations, mass vaccination efforts and lockdown measures.

On the rising government debt of individual countries in the Eurozone, the Irish finance minister said that can't be lowered "without a solid recovery." In addition, he revealed that an agreement on global digital tax should be reached "by the summer" as the new United States administration seems to have spurred international optimism in that regard.

Breaking the News / MS