Rome

Draghi backs tax cuts and spending to balance budgets

EU tax pressure too high

Draghi backs tax cuts and spending to balance budgets

Rome, May 6 - European Central Bank (ECB) President Mario Draghi on Monday said governments should "mitigate" the recessive effects of balancing their budgets by "reducing current public spending and taxes". "Taxation is already high by any international standard," the EU's central banker added.

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