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Remarks by Paschal Donohoe following the Eurogroup meeting of 28 April 2023

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

Summary written by Dark Majestic in its own words · topics: growth, investment and productivity

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 28 April 2023

ContextPress remarks in Stockholm after an informal meeting of euro area finance ministers hosted by Sweden; the Eurogroup coordinates economic policies for the single currency.

Why it mattersMinisters draw lessons from the spring bank failures for crisis management.

Problems raised
  1. Banking difficulties need better handling.
  2. Capital markets are shallow.
  3. Investment needs are large.
Solutions proposed
  1. Upgrade the bank crisis management framework.
  2. Deepen capital markets.
  3. Invest in the future.
Read full speech on consilium.europa.eu ↗

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