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- Euro zone stimulus must be withdrawn gradually - ECB Vice President
Euro zone stimulus must be withdrawn gradually - ECB Vice President
Reuters reports that European Central Bank Vice President Luis de Guindos said that euro zone authorities should only withdraw their monetary and fiscal stimulus gradually and accompany a recovery in the pandemic-struck euro zone economy.
"The withdrawal of fiscal and monetary support measures must be prudent and gradual," de Guindos told, but cautioned that keeping stimulus in place for too long could cause the "zombification" of the economy by allowing unviable companies to survive.
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