· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 16 June 2022
Read full speech on consilium.europa.eu ↗ContextPress remarks in Luxembourg after a meeting of euro area finance ministers on Bloomsday; the Eurogroup coordinates economic policies for the single currency.
Why it mattersMinisters fail to agree a full banking union plan and opt for steps.
Problems raised
- The Banking Union is incomplete.
- Crisis management rules are weak.
- Resilience must be maintained.
Solutions proposed
- Strengthen bank crisis management.
- Improve deposit guarantee rules.
- Build the Banking Union step by step.