Euro Area Policies: Staff Report for the 2006 Article IV Consultation

August 2, 2006

Preview Citation

Format: Chicago

Euro Area Policies: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed April 8, 2025

Summary

The euro area recovered from the economic doldrums. Executive Directors welcomed the recovery, supported by strong financial conditions, global growth, and improved financial positions. They encouraged the reformed Stability and Growth Pact over fiscal policies, and underscored the need for accelerated fiscal consolidation and structural reforms. They pointed to the integrated National Reform Programs under the reformed Lisbon process and labor market reforms. Directors welcomed the progress in integrating Europe’s financial markets and the new Directive on Anti-Money Laundering and Combating the Financing of Terrorism.

Subject: Employment, Inflation, Labor, Oil prices, Price stabilization, Prices, Production, Productivity

Keywords: August rate hike, Banking market, CR, ECB statement, Employment, Euro, Europe, Financing activity, Global, Headline inflation, Inflation, ISCR, Market, Market participant, Oil prices, Price stabilization, Productivity, Services PMI indicator, South Asia

Publication Details

Pages:

71
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/287
Stock No:

1EUREA2006001
ISBN:

9781451813043
ISSN:

1934-7685

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