Brussels, 9 December 2024
In inclusive format:
International economic dialogue with the UK
As part of a series of exchanges with key international partners on global economic developments, the Eurogroup held a discussion with Rachel Reeves, the UK’s Chancellor of the Exchequer.
Highlights from the Eurogroup meeting held in Brussels on 9 December 2024
At moments like this, it is very important to refocus on those relationships that have a bedrock of shared values, outlook and policy priorities. We are all of the view that we have such a partner in the United Kingdom.
Paschal Donohoe, President of the Eurogroup
In regular format:
Macroeconomic developments and policy coordination in the euro area, including International Monetary Fund Article IV mission to the euro area
The Eurogroup took stock of the latest macroeconomic developments and exchanged views with the International Monetary Fund (IMF) on euro area policies. The IMF review is expected to be concluded by June 2025.
Assessment of member states’ draft budgetary plans and overall budgetary situation and prospects in the euro area
Ministers discussed the overall budgetary situation and prospects in the euro area and reviewed the economic and fiscal situation of the euro area member states.
This discussion was based on the European Commission opinions on the draft budgetary plans (DBPs) of the euro area member states and on the Commission communication on the 2025 European Semester.
We all recalled the importance of sound public finances and the need for all of us to deliver on our budget commitments. This is fundamentally about the ability of our economies to grow, giving us a better prospect for living standards.
Paschal Donohoe, President of the Eurogroup
The outcome of this discussion was reflected in a Eurogroup statement.
- Eurogroup statement on the draft budgetary plans for 2025 (press release, 9 December 2024)
- Draft budgetary plans 2024 (European Commission)
- 2025 European Semester: bringing the new economic governance framework to life (European Commission)
- The European Semester explained
Miscellaneous
Preparation of engagement of the President of the Eurogroup with the European Parliament
President Donohoe briefed ministers on his planned engagement with the European Parliament, in line with the new reporting requirements under the revised economic governance framework.
Preparatory documents
- Draft agenda, Eurogroup
- Draft agenda, Eurogroup in inclusive format
- Draft annotated agenda, Eurogroup
- Draft annotated agenda, Eurogroup in inclusive format
Outcome documents
Press releases
- Remarks by Paschal Donohoe following the Eurogroup meeting of 9 December 2024
- Eurogroup statement on the draft budgetary plans for 2025
- Remarks by Paschal Donohoe following the meeting of Eurogroup in inclusive format with the UK Chancellor of the Exchequer, Rachel Reeves, 9 December 2024
Source – Eurogroup