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Rolf R. Strauch, Chief Economist at the European Stability Mechanism

Video. Euro area 'under strain' as recession risks loom

Updated: 07/07/2026 - 11:53 GMT+2

Rolf R. Strauch, Chief Economist at the European Stability Mechanism, said governments "have to create growth" to avoid a possible recession. The global instability poses "high demands" in governments that have to face them with limited fiscal space.

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