Lane (ECB): "EU flexibility? We need targeted measures for low-income earners, not blanket measures."

European Central Bank Chief Economist Philip Lane has advised that European Union fiscal flexibility should be utilized for targeted support toward low-income households rather than broad, indiscriminate spending. Lane emphasized that policy measures must be precise to be effective in the current economic climate.

Regarding the Italian economy, Lane noted that its underlying stability is expected to facilitate a recovery in wages by 2027-2028. This outlook suggests a long-term adjustment period for real earnings as the country navigates broader European economic constraints.