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Remarks by Paschal Donohoe following the Eurogroup meeting of 23 May 2022

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

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, public finances and debt

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 23 May 2022

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

Why it mattersMinisters keep budget policies sustainable in an uncertain environment.

Problems raised
  1. The environment is uncertain.
  2. Budget policies must stay sustainable.
  3. The Banking Union is incomplete.
Solutions proposed
  1. Keep budget policies sustainable.
  2. Agree a stepwise Banking Union work plan.
  3. Continue inclusive discussions.
Read full speech on consilium.europa.eu ↗

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