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Remarks by Paschal Donohoe following the Eurogroup meeting of 3 October 2022

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 3 October 2022

ContextPress remarks in Luxembourg after a meeting of euro area finance ministers on energy bills; the Eurogroup coordinates economic policies for the single currency.

Why it mattersMinisters warn that inflation risks making societies poorer.

Problems raised
  1. Inflation risks making societies poorer.
  2. Policies could add to inflation.
  3. The ESM needs leadership continuity.
Solutions proposed
  1. Avoid inflationary policies.
  2. Target support measures.
  3. Ensure continuity at the ESM.
Read full speech on consilium.europa.eu ↗

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