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Euro Area Policies: Staff Report for the 2006 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 287
Language:
English
Publication Date:
02 Aug 2006
DOI:
https://doi.org/10.5089/9781451813043.002
ISBN:
9781451813043
ISSN:
1934-7685
Pages:
71
Keywords:
ISCR; CR; ECB statement; market participant; August rate hike; euro; market; headline inflation; banking market; services PMI indicator; financing activity; Inflation; Productivity; Oil prices; Price stabilization; Employment; Global; Europe; South Asia
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund