There is a risk of a recession in the eurozone but it can be avoided with proper support and fiscal policy, said Eurogroup chief Paschal Donohoe. While the energy crisis and security developments could affect economic performance, the group is implementing measures to support countries in need, he said in an interview with Bloomberg television. […]
Tag: Donachio
Gentiloni: Extension of escape clause leaves room for fiscal policy to react to pressure
Eurogroup President Pascal Donahue and European Economic Commissioner Paolo Gentiloni warned of serious dangers from the war in Ukraine at a news conference after the Eurogroup meeting. “It is clear that the impact of the war is global and the consequences are very serious, especially for the most vulnerable in our societies,” said the president […]
Gentiloni: Extension of escape clause leaves room for fiscal policy to react to pressures
Eurogroup President Pascal Donahue and European Economic Commissioner Paolo Gentiloni warned of serious dangers from the war in Ukraine at a news conference after the Eurogroup meeting. “It is clear that the impact of the war is global and the consequences are very serious, especially for the most vulnerable in our societies,” said the president […]
Donahue-Gentiloni: Growth slows due to war, not recession
LAST UPDATE 21:40 The growth rate of European economies will slow down this year due to the war in Ukraine, warned the President of the Eurogroup, Pascal Donahue, although he noted that “we continue to see positive growth rates in 2022 for many economies.” “Economic growth will slow this year – this is due to […]
Mandate for support measures with ‘measure’ by Eurogroup
By Tasos Dasopoulos Eurozone finance ministers agreed yesterday to phase out support for European economies in the two years 2020-2021, after the common finding that the recovery of the Eurozone is faster than expected. The President of the Eurogroup Mr. Pascal Donahue, gave the slogan in the standard interview after the council. He stressed that […]
Gentiloni-Donahue: Greece’s progress significant, delays linked to pandemic
After the meeting of the Eurozone Finance Ministers, the Minister of Economy, Paolo Gentiloni, and the President of the Eurogroup, Pascal Donahue, expressed their satisfaction with the progress made by Greece in the implementation of the reforms, pointing out that some delays due to and in the devastating fires of summer. “There are some delays, […]
P. Donahue: I am sure that the recovery can be maintained despite the Omicron variant
The head of the Eurogroup, the finance ministers of the eurozone, Pascal Donahue, is sure that the continent’s recovery can be maintained next year even if the coronary Omicron strain requires new public health measures, he told Reuters Next. “It’s very early on in terms of the health impact of this new variant on all […]
P. Donahiou (Eurogroup): The economic recovery in the Eurozone will continue in 2022
Eurogroup President Pascal Donahue, from Brussels, appeared optimistic that the economic recovery in the eurozone will continue over the next year. Addressing the Eurogroup meeting, P. Donahue pointed out the “very positive trends” observed in terms of employment and economic growth, while at the same time saying that the issue of inflation is taken into […]