Eurogroup: Ministers discuss progress on the banking union

Main results

Banking union and banking sector developments

Macroeconomic and financial developments

The Eurogroup took stock of macroeconomic and financial stability developments. The Commission and the European Central Bank (ECB) updated ministers on the macroeconomic and financial situation. The chair of the ECB Supervisory Board, Andrea Enria, and the chair of the Single Resolution Board, Dominique Laboureix, provided their assessment of recent banking sector developments. This allowed for a broad exchange of views and offered preliminary insights for policy makers into recent developments in the international banking sector. The chair of the European Parliament’s committee on economic and monetary affairs, Irene Tinagli, participated in the discussion.

Eurogroup statement on the future of the banking union

Ministers followed up on the Eurogroup statement on the banking union of June 2022. In this context, the Commission presented the main objectives of its legislative package on the crisis management and deposit insurance framework that was presented on 18 April 2023. Ministers had a high-level political discussion. The legislative process will take place in the Council.

Eurogroup statement on the future of the Banking Union of 16 June 2022

March Euro summit

Eurogroup President Paschal Donohoe debriefed ministers on the Euro Summit that took place on 24 March 2023, including follow-up work for the Eurogroup on strategic aspects related to the capital markets union.

Miscellaneous

Policy priorities of the Estonian government

The new Estonian finance minister, Mart Võrklaev, presented the policy priorities of his government. This is standard practice in the Eurogroup when new governments take office.

More information: Consilium