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Opening remarks by Paschal Donohoe at the Eurofi High Level Seminar, 24 February 2022

· 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 WikiOpening remarks by Paschal Donohoe at the Eurofi High Level Seminar, 24 February 2022

ContextOpening remarks at the Eurofi High Level Seminar in Paris; the Eurogroup coordinates euro area economic policies and pushes capital markets and banking union.

Why it mattersDonohoe calls for a policy mix supporting growth and debt sustainability.

Problems raised
  1. The pandemic hit the economy hard.
  2. Debt has risen.
  3. Investment is needed for recovery.
Solutions proposed
  1. Combine monetary and fiscal support.
  2. Implement NextGenerationEU.
  3. Pursue a policy mix supporting growth and debt sustainability.
Read full speech on consilium.europa.eu ↗

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