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Remarks by Paschal Donohoe following the Eurogroup meeting of 7 December 2023

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

Summary written by Dark Majestic in its own words · topics: climate, energy and nature, public finances and debt

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 7 December 2023

ContextPress remarks in Brussels after a meeting of euro area finance ministers; the Eurogroup coordinates economic policies for the single currency and is reforming EU fiscal rules.

Why it mattersMinisters ask governments to phase out energy support and use the savings to cut deficits.

Problems raised
  1. Some budget plans are not in line with recommendations.
  2. Energy support measures are still costly.
  3. Deficits must come down.
Solutions proposed
  1. Phase out energy support measures.
  2. Use savings for deficit reduction.
  3. Coordinate budget plans in the euro area.
Read full speech on consilium.europa.eu ↗

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