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Remarks by Paschal Donohoe following the Eurogroup meeting of 4 April 2022

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

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, trade, fragmentation and geopolitics

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 4 April 2022

ContextPress remarks in Luxembourg 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 stress cohesion as war raises uncertainty.

Problems raised
  1. War creates high uncertainty.
  2. Trade conditions are changing.
  3. Euro area cohesion must be maintained.
Solutions proposed
  1. Keep trade policy agile.
  2. Build on pandemic-era unity and coordination.
  3. Advance the banking union work plan.
Read full speech on consilium.europa.eu ↗

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