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Opening remarks by Paschal Donohoe at the European Parliament's ECON Committee, 2 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 European Parliament's ECON Committee, 2 February 2022

ContextOpening statement at an economic dialogue with the European Parliament's ECON Committee; the Eurogroup coordinates euro area economic policies and must account for them to elected members.

Why it mattersDonohoe warns that stifling growth would harm debt sustainability.

Problems raised
  1. The recovery must be sustained.
  2. Debt must stay sustainable.
  3. Stifling growth harms debt sustainability.
Solutions proposed
  1. Use NGEU to reform and invest.
  2. Maintain policy coordination.
  3. Support growth and investment.
Read full speech on consilium.europa.eu ↗

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