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‘Deal with G7 countries to continue to accelerate with emergency aid’ | Financial

Support for more stimulus was shared by all leaders, including German Chancellor Angela Merkel. Germany has traditionally opposed strong loans to boost economic growth. The country has eased its stance somewhat over the course of the crisis.

The administration of US President Joe Biden has further urged its allies to keep putting money into the economy. His Finance Minister Janet Yellen previously called on the G7 countries to “go big.”

Inflation

According to the source, the G7 countries are said to have discussed a long-term policy to ensure the health of public finances. This reiterated the position of a meeting of finance ministers earlier this month. The countries would also agree that the current high inflation is temporary.

Italian Prime Minister Mario Draghi stressed the importance of measures to reduce unemployment, such as retraining and support for younger workers. That proposal would have the support of Canadian Prime Minister Justin Trudeau, the source said.

‘Deal with G7 countries to continue to accelerate with emergency aid’ | Financial
Source link ‘Deal with G7 countries to continue to accelerate with emergency aid’ | Financial

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