{"id":120224,"date":"2022-10-05T12:00:17","date_gmt":"2022-10-05T10:00:17","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=120224"},"modified":"2022-10-05T12:12:16","modified_gmt":"2022-10-05T10:12:16","slug":"main-results-eurogroup-3-october-2022","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/main-results-eurogroup-3-october-2022\/","title":{"rendered":"Main Results: Eurogroup, 3 October 2022"},"content":{"rendered":"<h3 style=\"text-align: justify;\">Main results<\/h3>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-scaled.jpg\"><img decoding=\"async\" class=\"aligncenter wp-image-120228\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-scaled.jpg\" alt=\"grafico de economia\" width=\"708\" height=\"472\" srcset=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-scaled.jpg 2560w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-300x200.jpg 300w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-1024x683.jpg 1024w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-768x512.jpg 768w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-1536x1024.jpg 1536w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/10\/markus-spiske-jgOkEjVw-KM-unsplash-1-2048x1365.jpg 2048w\" sizes=\"(max-width: 708px) 100vw, 708px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: justify;\">Macroeconomic situation in the euro area<\/h3>\n<p style=\"text-align: justify;\">Following up on discussions at the Eurogroup meeting in Prague, the Eurogroup discussed the macroeconomic situation in the euro area and in particular the fiscal policy response to high energy prices and inflationary pressures. Mathias Cormann, Secretary-General of the OECD, joined the discussion.<\/p>\n<blockquote>\n<div class=\"quote_txt\">\n<p>We agreed today, in a joint statement, to focus our support increasingly on cost-efficient income measures that are exceptional, temporary, and targeted to the most vulnerable in our societies. We also need to avoid policies that could risk adding to inflationary pressures \u2013 experience tells us going down this road makes societies poorer for longer. This guidance would need to be reflected in our national budgets for next year. We will get back to this issue in the context of the Draft Budgetary Plans towards the end of the year.<\/p>\n<p><cite title=\"Paschal Donohoe, President of the Eurogroup\">Paschal Donohoe, President of the Eurogroup<\/cite><\/p>\n<\/div>\n<\/blockquote>\n<ul class=\"council-link-list padding-bottom-20\" style=\"text-align: justify;\">\n<li><a class=\"\" title=\"Eurogroup statement on the fiscal policy response to high energy prices and inflationary pressures (press release, 3 October 2022)\" href=\"https:\/\/www.consilium.europa.eu\/es\/press\/press-releases\/2022\/10\/03\/eurogroup-statement-on-the-fiscal-policy-response-to-high-energy-prices-and-inflationary-pressures\/\">Eurogroup statement on the fiscal policy response to high energy prices and inflationary pressures (press release, 3 October 2022)<\/a><\/li>\n<\/ul>\n<h3 style=\"text-align: justify;\">Euro area recommendations<\/h3>\n<p style=\"text-align: justify;\">Ministers took stock of the implementation of euro area priorities in the Recovery and Resilience Plans based on the analysis from the Commission. They also exchanged views on the economic challenges and policy priorities for the euro area in the wake of recent developments.<\/p>\n<blockquote>\n<div class=\"quote_txt\">\n<p>As we are confronted with a new and more uncertain economic landscape, the Recovery Fund is more relevant than ever. At the same time, we have to recognise that some policy priorities have shifted. Given the geopolitical and economic context, we need to act urgently on the energy transition. That\u2019s why I strongly support the efforts of the Czech presidency to reach a swift agreement on an additional \u20ac 20 bn envelope to the Recovery Fund through REPowerEU \u2013 this is something that we will discuss tomorrow at ECOFIN.<\/p>\n<p><cite title=\"Paschal Donohoe, President of the Eurogroup\">Paschal Donohoe, President of the Eurogroup<\/cite><\/p>\n<\/div>\n<\/blockquote>\n<ul class=\"council-link-list padding-bottom-20\" style=\"text-align: justify;\">\n<li><a class=\"link-pdf at-file-click\" title=\"Documento PDF - Issues note - euro area priorities in the recovery and resilience plans\" href=\"https:\/\/www.consilium.europa.eu\/media\/59315\/20221003-issues-note-ea-priorities-and-rrps.pdf\" rel=\"nofollow\">Issues note &#8211; euro area priorities in the recovery and resilience plans<\/a><\/li>\n<li><a class=\"\" title=\"A recovery plan for Europe (background information)\" href=\"https:\/\/www.consilium.europa.eu\/es\/policies\/eu-recovery-plan\/\">A recovery plan for Europe (background information)<\/a><\/li>\n<\/ul>\n<table style=\"width: 99.9988%; border-collapse: collapse; border-style: double; border-color: #001f7d;\" cellpadding=\"0,5\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><a href=\"https:\/\/www.cde.ual.es\/en\/eurogroup-statement-on-the-future-of-the-banking-union-of-16-june-2022\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2022\/06\/euro-3337264_1920.jpg\" alt=\"\" width=\"201\" height=\"134\" \/><\/a><\/p>\n<h4 class=\"entry-title\"><a href=\"https:\/\/www.cde.ual.es\/en\/eurogroup-statement-on-the-future-of-the-banking-union-of-16-june-2022\/\" target=\"_blank\" rel=\"noopener\">Eurogroup statement on the future of the Banking Union of 16 June 2022<\/a><\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3 style=\"text-align: justify;\">Preparation of international meetings<\/h3>\n<p style=\"text-align: justify;\">The Eurogroup took stock of global economic issues, including \u2013 as is customary \u2013 exchange rate developments, in view of the upcoming annual meetings of the World Bank Group and the International Monetary Fund. The Eurogroup discusses exchange rate developments at regular intervals, in particular ahead of international meetings.<\/p>\n<blockquote>\n<div class=\"quote_txt\">\n<p>I have invited my Eurogroup colleagues to an exchange of views with Treasury Secretary Yellen on 13 October in Washington DC. At a time when war is raging on our continent, it is essential to cement our strong relationship with trusted and like-minded partners, starting with the US. Next week, we will discuss the transatlantic economic outlook and risks.<\/p>\n<p><cite title=\"Paschal Donohoe, President of the Eurogroup\">Paschal Donohoe, President of the Eurogroup<\/cite><\/p>\n<\/div>\n<\/blockquote>\n<h3 style=\"text-align: justify;\">Digital euro \u2013 business models of public and private participants in the digital euro ecosystem<\/h3>\n<p style=\"text-align: justify;\">Based on input from the ECB and the Commission, ministers discussed the role of public and private participants in the digital euro ecosystem. In this context, ministers expressed their views on the role of supervised intermediaries and the Eurosystem throughout the payments process, and on possible distribution models that would ensure a pan-European reach of the digital euro whilst also fostering innovation.<\/p>\n<blockquote>\n<div class=\"quote_txt\">\n<p>Ultimately, the success of a digital euro will depend on finding a balance on various dimensions such as convenience for end-users, cross-border usability, or privacy arrangements. In that context, some harmonization of rules, standards and interfaces could help foster innovation and ensure a consistent user experience of the digital euro across the euro area.<\/p>\n<p><cite title=\"Paschal Donohoe, President of the Eurogroup\">Paschal Donohoe, President of the Eurogroup<\/cite><\/p>\n<\/div>\n<\/blockquote>\n<p style=\"text-align: justify;\">This discussion follows the work plan on the digital euro, agreed by the Eurogroup at its meeting on 12 July 2021 and recalled in its statement adopted in February 2022.<\/p>\n<p style=\"text-align: justify;\">Source:\u00a0 <a href=\"https:\/\/www.consilium.europa.eu\/en\/meetings\/eurogroup\/2022\/10\/03\/\" target=\"_blank\" rel=\"noopener\">Press release &#8211; Council of the European Union<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Main results &nbsp; Macroeconomic situation in the euro area Following up on discussions at the Eurogroup meeting in Prague, the Eurogroup discussed the macroeconomic situation in the euro area and in particular the fiscal policy response to high energy prices and inflationary pressures. Mathias Cormann, Secretary-General of the OECD, joined the discussion. We agreed today, [&hellip;]<\/p>\n","protected":false},"author":101011,"featured_media":120225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4090,346,4088],"tags":[1331,7308,488,779,6020,1119],"class_list":{"0":"post-120224","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-finance","8":"category-eu-news","9":"category-market","10":"tag-council","11":"tag-digital-euro-en","12":"tag-economy","13":"tag-eu-en","14":"tag-macroeconomic","15":"tag-results","16":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Main Results: Eurogroup, 3 October 2022 | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/en\/main-results-eurogroup-3-october-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Main Results: Eurogroup, 3 October 2022 | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"Main results &nbsp; Macroeconomic situation in the euro area Following up on discussions at the Eurogroup meeting in Prague, the Eurogroup discussed the macroeconomic situation in the euro area and in particular the fiscal policy response to high energy prices and inflationary pressures. 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