The European Council published a letter from Eurogroup President Paschal Donohoe to Euro Summit President António Costa summarising recent Eurogroup work and setting out priorities for the period ahead of the Euro Summit meeting on 23 October 2025. The letter highlights euro area economic conditions and key policy files including fiscal policy coordination, the digital euro and efforts to advance the Capital Markets Union. The report frames the fiscal discussion around maintaining resilient public finances while increasing funding for defence and security. It also points to reinforcing the international role of the euro to support resilience and stability, the need to turn Capital Markets Union commitments into concrete action, and continued active international engagement to strengthen Europe’s voice. It cites the forthcoming euro area enlargement with Bulgaria as evidence of the euro’s stability and attractiveness, and signals accelerated work on the digital euro as part of strengthening Europe’s strategic autonomy in the digital age. The letter is intended to inform leaders’ discussions at the Euro Summit on 23 October 2025.
European Council 2025-10-16
European Council publishes Eurogroup President Donohoe’s letter to the Euro Summit outlining priorities on fiscal coordination, the digital euro and Capital Markets Union delivery
The European Council released a letter from Eurogroup President Paschal Donohoe to Euro Summit President António Costa, outlining recent Eurogroup activities and priorities for the Euro Summit on 23 October 2025. Key topics include fiscal policy coordination, the digital euro, and advancing the Capital Markets Union, focusing on resilient public finances, euro area enlargement, and strengthening Europe's strategic autonomy. The letter aims to guide discussions at the summit.