Eurogroup President, Paschal Donohoe, travels to Cyprus and Greece for discussion on Euro Area recovery
The Minister for Finance and President of the Eurogroup, Paschal Donohoe, T.D., will travel to Cyprus and Greece this week for a series of bilateral meetings and speaking engagements.
Minister Donohoe yesterday met with the President of the Republic of Cyprus, Nicos Anastasiades, as well as meeting his fellow Finance Minister, Constantinos Petrides, the Minister of Finance of the Republic of Cyprus.
Minister Donohoe outlined his priorities as President of the Eurogroup and address the prospects for the recovery of the Euro Area in a meeting with the business forum of Cyprus.
Minister Donohoe then traveled to Greece, where he today met with Prime Minister Kyriakos Mitsotakis and with Finance Minister Christos Staikouras. He give a keynote speech at the “The World Ahead” Gala Dinner hosted by The Economist.
The focus of the meetings is the economic recovery from the pandemic, which is one of Minister Donohoe’s priorities as he coordinates economic and fiscal policies among Euro Area Finance Ministers. Minister Donohoe stated: ‘As we approach the 20th anniversary of sharing our common currency – the euro – it is important to reflect on how much progress we have made. The euro is now a key asset in Europe’s response to the pandemic, and a symbol of our resilience and strength. Many of the measures and safeguards that we put in place over the past decade have been crucial in tackling the economic crisis caused by COVID-19. Our policies have helped to protect jobs and support livelihoods during the emergency phase of the crisis. As President of the Eurogroup for just over a year, I have seen on a daily basis the strength of the collective European response’.
“As we emerge from this crisis and open up our economies, there is a change in the policy challenges we face: we will increasingly need policies that help us to build, grow and adapt. It is my pleasure to be in Cyprus and Greece this week to take stock of the situation across the Euro Area.”
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