The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, EU Economic and Monetary Affairs Commissioner Olli Rehn has said.
Mr Rehn's comments are being viewed by some as an admission that fiscal adjustments linked to the troika programmes in Europe are having a greater-than-expected impact on growth.
The pace of fiscal tightening around the globe is set to dominate talks by finance ministers and central bank governors from the Group of 20 advanced and emerging economies, who are meeting today in Washington.
Read more: Rehn promises less austerity as economic outlook worsens - European Economic News | EU Budgets, Trends & Spending | Irish Tim - Fri, Apr 19, 2013
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