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Remarks by Paschal Donohoe following the Eurogroup meeting of 16 January 2023

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 16 January 2023

ContextPress remarks in Brussels after a long meeting of euro area finance ministers; the Eurogroup coordinates economic policies for the single currency amid an energy crisis.

Why it mattersMinisters aim to keep the slowdown mild while protecting the vulnerable.

Problems raised
  1. Inflation is high.
  2. The economy is slowing.
  3. Vulnerable people are hit hardest.
Solutions proposed
  1. Bring inflation down.
  2. Keep the slowdown mild and short.
  3. Protect the most vulnerable.
Read full speech on consilium.europa.eu ↗

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