Euro zone budget could help tackle next recession: ECB’s Praet

Euro zone budget could help tackle next recession: ECB's Praet© Reuters. executive board member Praet speaks during conference in Sofia

FRANKFURT (Reuters) – A common budget for the euro zone could help tackle any future crisis once the ’s rates are already cut to zero, the ECB’s chief economist said on Friday.

“Such a central budget could help monetary policy, especially in times of deep recessions when nominal interest rates may reach their effective lower bound,” Peter Praet said at a conference.

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