Presidenta del Banco Central Europeo pide a los estados más gasto productivo para evitar el estancamiento fiscal

TL;DR

ECB President Christine Lagarde urged European states to emphasize growth-supporting spending and public investments.
She warned against 'fiscal stagnation' and a 'vicious cycle' where fiscal consolidation weakens growth.
Lagarde noted that only seven euro area countries are extending fiscal adjustment periods by committing to public investment and reforms.
She argued that low productivity limits central banks' ability to reduce interest rates and can keep inflation higher.
Lagarde stated that faster productivity growth is key in aging societies to offset reduced labor supply and avoid upward wage pressures.
She believes prioritizing current spending over productive spending is a mistake, even when aiming to maintain the European social model.

Continuar leyendo el artículo original