Minister Donohoe will meet with French Finance Minister Bruno Le Maire and Banque de France Governor François Villeroy de Galhau.
The priorities of the French Presidency of the Council of the EU and the economic outlook for the euro area are at the heart of the meeting between the ministers. The strong coordination of economic and budgetary policies in the euro area in order to foster a strong economic recovery is one of the key objectives of Minister Donohoe as President of the Eurogroup. Growth figures for the third quarter show that the eurozone has almost returned to pre-pandemic production levels, representing a recovery ahead of expectations. However, euro area ministers are working together to address the risks posed by the development of the pandemic over the winter months and the challenges posed by the stronger-than-expected recovery in terms of higher inflation and pressures. on the supply chain.
The ministers will discuss the economic governance of the European Union and the next steps in the realization of the Banking Union. During its presidency, France will also play a key role in chairing EU discussions on sustainable finance and Europe’s implementation of the recent global corporate tax agreement. Ministers Donohoe and Le Maire will hold a joint press conference following their meeting.
As we approach the 20th anniversary of the sharing of our common currency, the euro, I am happy to meet my counterpart from Ireland’s closest European neighbor and a country which has always been at the heart of the European project. I look forward to working with my good colleague Bruno, who will bring his energy and intelligence to make the French Presidency of the EU a success. We will closely coordinate the work of our Presidencies to boost Europe’s economic recovery and ensure that European investments respond head-on to the climate and digital transition, and strengthen the role and competitiveness of the EU at scale. global.
Paschal Donohoe, President of the Eurogroup
Minister Donohoe will also meet with the Governor of the Banque de France, François Villeroy de Galhau. At this meeting, he will focus on the economic outlook for the euro area and the next steps for the Eurogroup in achieving Banking Union.