Thank you. Good evening, everyone.
The Eurogroup had a productive discussion on economic policy priorities for the euro area. There was significant agreement and alignment with the agenda of the new commission.
We have recently navigated major challenges, showcasing our economic resilience. However, we still face structural challenges, like slow productivity growth and high debt levels.
We must urgently act to enhance our competitiveness, productivity, and innovation. This includes better access to funding for businesses, fostering innovation, and reducing administrative burdens.
There was broad consensus on deepening the Banking Union and the Capital Markets Union. The Eurogroup plays a crucial role in achieving these priorities.
The meeting also included representatives from the European Central Bank and the Bank for International Settlements, who discussed new transaction technologies.
Regarding the digital euro, we need to make rapid progress with legislative proposals. Europe must lead in the digital era.
Work on the digital euro continues in the European Parliament. The Commission provides all necessary technical support.
Finally, the new French and Lithuanian ministers presented their policy priorities. The Commission looks forward to closely collaborating with Lithuania and France to support their economic plans.