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  • Donohoe: European banking system resilient, stable
    Eurogroup concluded on Friday that the European banking system remains "resilient" and "stable," Eurogroup President Paschal Donohoe stated. Donohoe stressed that the "strong" rules and supervision that have been imposed in recent years proved to be valuable amid the recent...
  • Donohoe: Energy prices remain at high levels
    Eurogroup President Paschal Donohoe said on Monday that today's meeting of the Eurozone finance ministers discussed developments in the energy and labor markets. Donohoe highlighted that energy prices have come down from last summer, but remain at high levels and need to be monitored...
  • Donohoe wins reelection as Eurogroup president
    Republic of Ireland's Minister for Finance Paschal Donohoe (pictured) has been reelected on Monday as president of the Eurogroup, which includes him and 18 other finance ministers of Eurozone countries. He will serve another two-and-a-half-year term that will start on January 13, 2023. "Since...
  • Second term likely for Eurogroup chief Donohoe
    Eurogroup President Paschal Donohoe will likely secure another term as the organization's chief after no new applications were made to the job opening following the meeting of energy ministers on Thursday. Donohoe, who also serves as the Irish finance minister, took his post in July 2020. Today, he...
  • Donohoe: Inflation to last longer than expected
    Eurogroup President and the Republic of Ireland's Finance Minister Paschal Donohoe said on Monday that high inflation will last longer than initially expected. However, he stressed he expects inflation pressure to moderate in 2022. Donohoe also noted that the current economic recovery is strong...
  • Eurogroup president: Inflation to fall in 2022
    Eurogroup President and the Republic of Ireland's Finance Minister Paschal Donohoe (pictured) said on Monday that the euro area inflation should be expected to fall next year. Delivering remarks at a Eurogroup press conference in Brussels, he pointed out that the Eurozone finance ministers agree...
  • Global tax deal must meet needs of small countries - Donohoe
    Irish Finance Minister Paschal Donohoe remarked on Saturday that any deals concerning reforms of the global taxation system must meet the needs of both large and small countries, "developed and developing." "It is in everyone's interest to achieve a sustainable, ambitious, and equitable agreement...
  • Ireland against 'much' of EU tax proposal - minister
    Ireland's Finance Minister Paschal Donohoe (pictured) stated on Wednesday that he disagrees with significant parts of the European Union's bloc-wide corporate tax framework proposal. "Given my understanding of much of what has been proposed by the Commission, there is much in it that I would...
  • Q4 numbers better than feared - Eurogroup head
    Eurogroup President and the Republic of Ireland's Minister for Finance Paschal Donohoe (pictured) said on Friday that the economic figures for the fourth quarter in the Eurozone have "turned out better than feared." Speaking in an interview for the Frankfurter Allgemeine Zeitung, Donohoe...
  • Eurogroup to continue supportive measures for recovery
    Eurogroup President Paschal Donohoe stated on Monday that supportive economic policies should remain in place for as long as needed, nevertheless, when the time comes the withdrawal of public support measures needs to happen carefully and gradually, facilitating financing for successful firms...
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