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EU is about to stop anti-crisis measures

EU is about to stop anti-crisis measures

10 March 2010 15:29 (UTC +04:00)

Baku - APA-Economics. European Union finance ministers will agree next week to phase out aid measures for banks, industries and the labour market that were introduced to fight the economic crisis, Reuter reported.

According to Reuters If left in place too long these measures could hinder adjustment processes within and across sectors by distorting price and cost signals and by introducing wrong incentives

The 27 EU finance ministers meet on March 16 to discuss Greece’s financial problems and exit strategies from fiscal stimulus measures worth hundreds of billions of euros that were agreed in late 2008 to battle the crisis.

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