ICYMI: Eurogroup President Centeno said future euro area budget will complement monetary policy

There is no budget, but Centeno wants one

Mario Centeno is Portugal's Finance Minister and Eurogroup President. Said:

  • A future euro area budget would be a complement to monetary policy
  • Would also add a new instrument to the eurozone's toolkit

Yeah, doesn't exist, no one knows how big such a budget would be, where it would come from and how any the money would be spent

Alrighty then, carry on.

There is no budget, but Centeno wants one

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