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Keynote speech by the Eurogroup President, Paschal Donohoe, at the Bruegel Annual Meetings, 4 September 2024

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

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, public finances and debt, trade, fragmentation and geopolitics, growth, investment and productivity

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· Paschal Donohoe Wiki · Eurogroup WikiKeynote speech by the Eurogroup President, Paschal Donohoe, at the Bruegel Annual Meetings, 4 September 2024

ContextKeynote at the Bruegel think tank's annual meetings in Brussels; the Eurogroup coordinates euro area economic policies and faces weak growth and investment needs.

Why it mattersThe Eurogroup president lists deeper capital markets and a digital euro as answers to weak competitiveness.

Problems raised
  1. Geopolitical tensions are hurting trade and investment.
  2. Europe's economy is less competitive globally.
  3. Capital markets are fragmented.
Solutions proposed
  1. Coordinate budget policy for inclusive growth.
  2. Build deeper and more liquid capital markets.
  3. Introduce a digital euro.
Read full speech on consilium.europa.eu ↗

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