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Remarks by Paschal Donohoe following the video conference of the Eurogroup of 3 May 2022

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

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

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· Paschal Donohoe Wiki · Eurogroup WikiRemarks by Paschal Donohoe following the video conference of the Eurogroup of 3 May 2022

ContextPress remarks after a Eurogroup video conference devoted to banking union; the Eurogroup coordinates euro area policies and works to complete the banking union.

Why it mattersMinisters discuss a stepwise, time-bound banking union plan.

Problems raised
  1. The Banking Union is incomplete.
  2. Member states have differing concerns.
  3. Pieces must fit together.
Solutions proposed
  1. Propose a stepwise, time-bound work plan.
  2. Reflect member states' views.
  3. Add a review clause.
Read full speech on consilium.europa.eu ↗

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