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Keynote speech by the Eurogroup President, Paschal Donohoe, to the City of London Corporation on 'Financing Our Future', 3 September 2024

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

Summary written by Dark Majestic in its own words · topics: public finances and debt, growth, investment and productivity

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· Paschal Donohoe Wiki · Eurogroup WikiKeynote speech by the Eurogroup President, Paschal Donohoe, to the City of London Corporation on 'Financing Our Future', 3 September 2024

ContextKeynote at the Guildhall to the City of London Corporation, with the Lord Mayor and the Bank of England Governor; the Eurogroup coordinates euro area policies and seeks capital for Europe's future.

Why it mattersThe Eurogroup president argues that strained public finances require private capital and pension reform.

Problems raised
  1. The state has repeatedly had to step in during crises.
  2. Public finances are strained.
  3. Pension systems and private investment need reform.
Solutions proposed
  1. Mobilise private capital for future investment.
  2. Reform pension systems.
  3. Cooperate between the EU and UK on finance.
Read full speech on consilium.europa.eu ↗

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