· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the Eurogroup meeting of 7 November 2022
Read full speech on consilium.europa.eu ↗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
- Support measures must balance inflation and protection.
- Competitiveness is under pressure.
- Banks face inflation and geopolitical risks.
Solutions proposed
- Target supports to vulnerable households.
- Incentivise the energy transition.
- Coordinate policies across the euro area.