Press release
Eurogroup President, Paschal Donohoe, travels to Brussels to attend the Euro Summit
From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
From Department of Public Expenditure, NDP Delivery and Reform
Published on
Last updated on
President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery and Reform, Paschal Donohoe TD, is in Brussels today (Friday) to attend the Euro Summit meeting of European EU leaders. At the Euro Summit he will be joined by the President of the European Central Bank, Christine Lagarde, to discuss the economic situation in the euro area and economic policy coordination. Minister Donohoe will also speak on the work that Eurogroup has undertaken over the course of the past 12 months to progress the Capital Markets Union in response to a call from European leaders. The Eurogroup statement adopted last week by all EU finance ministers contains a shared set of policy priorities and actions to deepen European capital markets in the next few years.
Speaking ahead of Euro Summit, Minister Donohoe commented:
"I look forward to attending the March Euro Summit where I will update EU leaders on the work of the Eurogroup and the key economic issues that have been on our agenda.
“While economic activity levels have slowed, I expect growth to pick-up in the quarters ahead, with inflation continuing to fall. Furthermore, our labour markets remain resilient. Looking ahead, Finance Ministers in the Eurogroup remain convinced about the need to further reduce borrowing next year as outlined in our March Eurogroup statement.
“I will also report to EU leaders on the response by the Eurogroup to their call from last March to step up efforts in taking forward the Capital Markets Union. The Eurogroup has agreed a set of key policy priorities and actions at both EU and national levels, which need to be taken up with urgency in the next number of months and years to deepen our capital markets. Open, well-functioning and integrated European capital markets are an essential pillar of the Single Market. This work is key for mobilising capital in Europe to improve our future competitiveness, to ensure that we have the right environment for European businesses to access funding and scale-up in Europe, and for savers and investors to have new opportunities to invest more productively in Europe.”
Links to Eurogroup statements:
Eurogroup statement on fiscal policy orientation for 2025 – see link
Eurogroup statement on the future of Capital Markets Union – see link
Link to Euro Summit: - see link
ENDS