2021-02-15 23:36:09 GMT2021-02-16 07:36:09(Beijing Time) Xinhua English
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BRUSSELS. Feb. 15 (Xinhua) European Commissioner for Economy Paolo Gentiloni warned on Monday that the withdrawal of public support for firms hit badly by the COVID-19 pandemic had to be managed very carefully as blanket measures are lifted and replaced with more targeted assistance.
Addressing a news conference following the February meeting of Eurogroup finance ministers, Gentiloni said this was necessary to avoid a sharp rise in insolvencies in the future. We will need to make wise choices in terms of fiscal policy, to avoid the premature withdrawal of supportive measures, he said.