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Remarks by Paschal Donohoe following the Eurogroup meeting of 20 June 2024

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

Summary written by Dark Majestic in its own words · topics: financial stability, payments, digital money and crypto-assets, public finances and debt, trade, fragmentation and geopolitics

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 20 June 2024

ContextPress remarks in Luxembourg after a meeting of euro area finance ministers; the Eurogroup coordinates economic policies for the single currency and reviews budget plans.

Why it mattersEuro area ministers discuss risks to the euro's global role as payments fragment.

Problems raised
  1. Growth, debt reduction and stability must be balanced.
  2. Geopolitics threatens the euro's international role.
  3. Payment systems are fragmenting.
Solutions proposed
  1. Pursue a careful policy mix.
  2. Monitor risks to the euro's global role.
  3. Strengthen resilience against common challenges.
Read full speech on consilium.europa.eu ↗

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