The European Union should have money to help stabilise economies in a crisis, especially after the bloc’s post-pandemic recovery fund ends in 2026, European Economic Commissioner Paolo Gentiloni told a seminar on Thursday. Speaking at a European Central Bank seminar on euro zone fiscal policy, Gentiloni said that apart from such a fiscal stabilisation tool, EU fiscal rules, now under review, also needed a way to encourage public investment and a credible way to reduce public debt without hurting growth.

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