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Remarks by Paschal Donohoe following the Eurogroup meeting of 15 July 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 WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 15 July 2024

ContextPress remarks in Brussels after a meeting of euro area finance ministers including the annual exchange on the euro area; the Eurogroup coordinates economic policies for the single currency.

Why it mattersEuro area ministers focus on the quality of public spending as budgets tighten.

Problems raised
  1. Fiscal adjustment could weigh on growth.
  2. The EU faces a large investment funding gap.
  3. Quality of public spending is uneven.
Solutions proposed
  1. Improve the quality of public spending.
  2. Safeguard investment during consolidation.
  3. Deepen capital markets to fund investment.
Read full speech on consilium.europa.eu ↗

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