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Remarks by Paschal Donohoe following the meeting of Eurogroup in inclusive format with the UK Chancellor of the Exchequer, Rachel Reeves, 9 December 2024

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

Summary written by Dark Majestic in its own words · topics: public finances and debt, growth, investment and productivity

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the meeting of Eurogroup in inclusive format with the UK Chancellor of the Exchequer, Rachel Reeves, 9 December 2024

ContextPress remarks in Brussels after all EU finance ministers met the UK Chancellor of the Exchequer; the Eurogroup coordinates euro area policies and is rebuilding economic ties with the United Kingdom.

Why it mattersThe first such meeting since Brexit signals a reset in economic dialogue between the EU and the United Kingdom.

Problems raised
  1. The world is more volatile and divided.
  2. Governments must keep public finances safe.
  3. Investment needs are large on both sides of the Channel.
Solutions proposed
  1. Build new budget frameworks that protect investment.
  2. Strengthen dialogue between the EU and the UK.
  3. Cooperate on shared economic challenges.
Read full speech on consilium.europa.eu ↗

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