Eurogroup chief tells Euronews 'fiscal policy must not contradict ECB' effort to tame inflation

Kyriakos Pierrakakis, the Eurogroup President, highlighted the necessity for fiscal policies in the euro area to align with the European Central Bank's efforts to control inflation, especially in light of rising energy prices due to Middle Eastern conflicts. He stressed the importance of targeted support measures rather than broad subsidies, as Italy calls for more fiscal flexibility. The ongoing discussions among EU finance ministers aim to balance fiscal support while adhering to monetary policy guidelines set by the ECB.