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Speech by Eurogroup President, Paschal Donohoe, at Trinity College Dublin on “Eurozone and the Permacrisis”, 2 March 2023

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

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

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· Paschal Donohoe Wiki · Eurogroup WikiSpeech by Eurogroup President, Paschal Donohoe, at Trinity College Dublin on “Eurozone and the Permacrisis”, 2 March 2023

ContextLecture at Trinity College Dublin's School of Social Sciences and Philosophy; the Eurogroup coordinates euro area economic policies through a series of overlapping crises.

Why it mattersDonohoe argues that repeated shocks pushed the euro area to build stronger institutions.

Problems raised
  1. The euro area faces a permacrisis.
  2. Past crises exposed institutional gaps.
  3. Investment needs are growing.
Solutions proposed
  1. Use common EU debt for recovery investment.
  2. Build crisis institutions like the ESM and banking supervision.
  3. Reform economic governance.
Read full speech on consilium.europa.eu ↗

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