The IMF has urged euro area countries to tighten their fiscal policies rather than relaxing them further in response to the energy crisis, with an extra adjustment effort required from high-debt nations.
The head of the Monetary Fund appeals to the Eurogroup to keep the money together in difficult times: "Don't spend money you don't have!" However, the EU Commission wants to further loosen the budget rules.
The IMF urged euro area countries to tighten their fiscal policies instead of relaxing them further in response to the energy crisis, calling for additional adjustment efforts from countries with large debts. Euro area countries should not...