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Remarks by Paschal Donohoe following the Eurogroup meeting of 13 March 2023

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

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 13 March 2023

ContextPress remarks in Brussels after a meeting of euro area finance ministers; the Eurogroup coordinates economic policies for the single currency amid high inflation.

Why it mattersMinisters warn against permanent measures that widen deficits.

Problems raised
  1. Debt must stay sustainable.
  2. Permanent deficit-increasing measures are risky.
  3. Green and digital transitions need funding.
Solutions proposed
  1. Pursue fiscal policies for debt sustainability.
  2. Avoid permanent deficit increases.
  3. Design budget measures carefully.
Read full speech on consilium.europa.eu ↗

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