The European Council published a letter from Eurogroup President Paschal Donohoe to Euro Summit President António Costa summarising the Eurogroup’s recent work and outlining priorities intended to inform Leaders’ discussion at the Euro Summit on 23 October 2025. The report takes stock of the euro area economic situation and fiscal policy coordination, and sets out a work agenda spanning resilient public finances, defence and security funding, the digital euro, the international role of the euro, and progress on the Capital Markets Union. Despite external headwinds, the report describes Europe’s economy as resilient and points to Bulgaria’s forthcoming euro area enlargement as evidence of the euro’s stability and attractiveness. It highlights the need to maintain resilient public finances while stepping up funding for defence and security, accelerate work on the digital euro, reinforce the euro’s international role to support resilience and stability, and turn Capital Markets Union commitments into operational delivery alongside efforts to enhance competitiveness. Continuous active international engagement is also presented as necessary to strengthen Europe’s voice. The letter is intended to feed into the Euro Summit meeting on 23 October 2025.
European Council 2025-10-16
European Council publishes Eurogroup letter setting priorities for the 23 October 2025 Euro Summit 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, summarizing the Eurogroup's recent work and outlining priorities for the upcoming Euro Summit. Key areas include resilient public finances, defence and security funding, the digital euro, the euro's international role, and Capital Markets Union progress. The report underscores Europe's economic resilience and Bulgaria's euro area enlargement as evidence of the euro's stability.