April 11, 2025 (press release) –
I would like to begin by thanking Minister Domański and all of his team for their excellent organisation. Let me now provide a brief summary of today’s Eurogroup.
We began our discussion with the evaluation of economic developments ahead of our upcoming international meetings in Washington (the Spring meetings of the World Bank Group and the International Monetary Fund). We reaffirmed the importance of the euro area and the work that it does in continuing to deliver policy predictability and stability when it comes to very important economic fundamentals.
Our main agenda item was therefore a discussion on economic developments and euro area policy coordination at which we were joined by our non-euro partners and friends, and also joined by Aurore Lalucq, the Chair of the European Parliament's Economic and Monetary Affairs Committee.
We are all aware of the background to this discussion, the change that is happening within the global economy, and today there was yet again broad agreement on some fundamental principles.
First, all finance ministers agree on the need for a unified stance and approach in response to the change that is underway. Secondly, continued agreement on an appropriate policy mix within the euro area that safeguards our economies as well as the long-term strength of the euro. Thirdly, that this mix be guided and be anchored within the framework of the work that we have all done on our budget rules. And then, finally, all the projects that we have been committed to and making progress on over recent months and years - we need for them to be approached with an even higher level of urgency. Whether that is our work with regard to the digital euro; whether it is the really important agenda of the Savings and investment union or, whether it's the broader work of the European Union with regard to trade diversification and supporting the work that the Commission is doing in responding on our behalf.
We all agreed that it is very important to keep track of how the shifts that are taking place, are translating into economic sentiment, economic activity, prices, and we will factor all of this into what it means for the euro areas policy mix.
We are clear on where we stand within Europe. We remain united in our commitment to a rules-based and predictable trading system. And we remain united in our commitment to accelerating the progress on our greatest strength - our Single Market, and the way we economically cooperate with each other.
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