· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 28 April 2023
Read full speech on consilium.europa.eu ↗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
- Banking difficulties need better handling.
- Capital markets are shallow.
- Investment needs are large.
Solutions proposed
- Upgrade the bank crisis management framework.
- Deepen capital markets.
- Invest in the future.