The European Council has published a letter from Eurogroup President Paschal Donohoe to Euro Summit President António Costa reviewing recent Eurogroup work and setting out priorities for the period ahead. The letter focuses on the euro area economic outlook, fiscal policy coordination, and a coordinated strategy to strengthen competitiveness, productivity, and growth. It frames Capital Markets Union as a key driver for meeting future financing needs and calls for a shift from commitments to implementation and impact. It also highlights the need to accelerate progress on the digital euro, presenting a European digital payment solution as important for Europe’s strategic autonomy.
European Council 2025-03-13
European Council publishes Eurogroup letter urging action on Capital Markets Union and faster progress on the digital euro
The European Council released a letter from Eurogroup President Paschal Donohoe to Euro Summit President António Costa, outlining recent Eurogroup activities and future priorities. Key areas include the euro area economic outlook, fiscal policy coordination, and strategies to enhance competitiveness and growth. The letter emphasizes the importance of the Capital Markets Union and accelerating the digital euro for Europe's strategic autonomy.