ECB'S De Cos calls for euro-wide fiscal mechanism instead of tapping Germany, Netherlands
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MADRID (Reuters) - The euro zone must roll out a common fiscal stabilisation mechanism to address a slowing economy in the bloc rather than asking Germany and the Netherlands for fiscal expansion, European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Tuesday."What we need is a fiscal stabilisation capacity at the euro area level, let's says in Brussels, that would be much easier, much better, and much more effective than trying to ask the Netherlands or Germany for more fiscal..