Euro zone to support economy in 2022, use EU funds for investment

 Euro zone to support economy in 2022, use EU funds for investment

The euro sign is photographed in front of the former headquarters of the European Central Bank in Frankfurt, Germany, April 9, 2019. Picture is taken on slow shutter speed while zooming. REUTERS/Kai Pfaffenbach/File Photo

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BRUSSELS, Nov 24 (Reuters) – Euro zone governments should keep spending next year to help the post-pandemic recovery, though to different degrees depending on their debt level, and use cash from the EU’s recovery fund to boost investment, the European Commission said on Wednesday.

“For the euro area, we call for a moderately supportive fiscal stance for 2022, with a focus on investment, equipping workers with new skills and safeguarding the solvency of viable firms,” European Economic Commissioner Paolo Gentiloni said.

The Commission said 2022 would be the year when European countries switch from crisis response to helping the recovery, especially through…

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