Arriving at the Eurogroup meeting on Monday 11 March, the European Commissioner for the Economy Paolo Gentiloni anticipated that, after the approval of the reform of the Stability Pact in the European Parliament, the Eurozone countries "will commit to introducing the framework of rules established in the new EU Stability and Growth Pact in a very short period of time. Referring to a challenge, Gentiloni credited, as prevailing in the assembly, the intention not to postpone its adoption.
The Commissioner's anticipations were confirmed, a few hours later, by the written statement released by the presidency on the sidelines of the Eurogroup. The statement said the reform of the Stability Pact is designed "to strengthen debt sustainability and promote sustainable and inclusive growth through structural reforms and investment, while promoting national ownership and strengthening enforcement. We are committed to ensuring its consistent and swift implementation throughout this year."
"We will work intensively over the summer on medium-term plans with member states." Gentiloni then assured commenting on the outcome of the important meeting.
On the remaining agendas of the meeting, President Paschal Donohoe commented: "A very productive meeting on #Eurogruppo March with two declarations agreed by EU finance ministers: one focused on fiscal coordination between #eurozona members for 2025 and another on the long-term priority of strengthening the Capital Markets Union."
