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Remarks by Paschal Donohoe following the Eurogroup meeting of 7 November 2022

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, climate, energy and nature, trade, fragmentation and geopolitics

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 7 November 2022

ContextPress remarks in Brussels after a meeting of euro area finance ministers; the Eurogroup coordinates economic policies for the single currency amid high energy prices.

Why it mattersMinisters want support targeted at vulnerable households.

Problems raised
  1. Support measures must balance inflation and protection.
  2. Competitiveness is under pressure.
  3. Banks face inflation and geopolitical risks.
Solutions proposed
  1. Target supports to vulnerable households.
  2. Incentivise the energy transition.
  3. Coordinate policies across the euro area.
Read full speech on consilium.europa.eu ↗

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