The Luxembourg Ministry of Finance reported that Finance Minister Gilles Roth took part in the informal Eurogroup and ECOFIN meetings in Nicosia on 22 to 23 May 2026. At the Eurogroup, the European Commission presented new economic forecasts, which framed ministers’ discussions on macroeconomic developments in the euro area, the impact of the conflict in the Middle East on energy prices, Europe’s competitiveness with a particular focus on housing, and progress in implementing the digital euro. At the informal ECOFIN meeting, finance ministers examined the European Union’s long-term competitiveness in the current geopolitical environment, with contributions from European Stability Mechanism President Pierre Gramegna and Professor Andreas Theophanous. Bruegel also presented the current state of stablecoin use, after which ministers and central bank governors discussed the future of those instruments in Europe. ECOFIN further considered how Europe can address rising spending needs while preserving the long-term sustainability of public finances, alongside representatives of the International Monetary Fund and the European Court of Auditors. Roth said Europe should accelerate reforms, support investment and innovation, and maintain financial stability and sustainable public finances.

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