The European Council published a letter from Eurogroup President Kyriakos Pierrakakis to Euro Summit President António Costa reporting on the Eurogroup’s recent work and setting out upcoming priorities for discussion by EU leaders at the Euro Summit on 19 March 2026. It covers the state of the euro area economy and priorities including addressing imbalances through international cooperation, strengthening the international role of the euro, and accelerating the savings and investments union. The letter also takes stock of efforts to prepare Europe’s financial system for the digital age, the Eurogroup’s coordinating role on fiscal sustainability while supporting strategic priorities, and its core work to strengthen competitiveness and resilience. Pierrakakis notes that while euro area fundamentals remain solid, the global environment remains uncertain, underscoring the need to focus on common goals such as the capital markets union and Europe’s strategic autonomy. The letter is intended to inform the Euro Summit discussion scheduled for 19 March 2026.
European Council 2026-03-11
European Council publishes Eurogroup President letter ahead of 19 March 2026 Euro Summit on savings and investments union and euro’s international role
The European Council released a letter from Eurogroup President Kyriakos Pierrakakis to Euro Summit President António Costa, outlining the Eurogroup's recent work and future priorities. Key topics include addressing economic imbalances, enhancing the euro's international role, and advancing the savings and investments union. The letter also emphasizes preparing Europe's financial system for the digital age and maintaining fiscal sustainability amid global uncertainties.