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Joint press statement following the meeting between Minister Giancarlo Giorgetti and Eurogroup President Paschal Donohoe

· Paschal Donohoe, President of the Eurogroup (Euro area (EU))

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, public finances and debt, growth, investment and productivity

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· Paschal Donohoe Wiki · Eurogroup WikiJoint press statement following the meeting between Minister Giancarlo Giorgetti and Eurogroup President Paschal Donohoe

ContextJoint press statement after a meeting in Rome with Italy's economy and finance minister; the Eurogroup coordinates euro area economic policies with national governments.

Why it mattersDonohoe and Giorgetti stress coordinated policies against inflation.

Problems raised
  1. High inflation creates uncertainty.
  2. Fiscal and monetary policies must align.
  3. Recovery plans need delivery.
Solutions proposed
  1. Coordinate fiscal and monetary policy.
  2. Fight inflation through EU action.
  3. Deliver the recovery plan's reforms and investments.
Read full speech on consilium.europa.eu ↗

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