Economic situation in the euro area
The director of the European Centre for Disease Control (ECDC), Andrea Ammon, updated the Eurogroup on the COVID-19 epidemiological situation. Ministers followed up with a discussion on the economic situation and exchanged views with the chair of the European Parliament’s committee on economic and monetary affairs, Irene Tinagli.
Our efforts are feeding improved euro area growth prospects that matter for the EU citizens, their jobs and their income. The decisions of the European Central Bank, the work of the Commission, combined with the coordination of the Eurogroup, are making a difference in the improved prospects that our different institutions are now communicating.
Paschal Donohoe, President of the Eurogroup
Euro area: managing the uneven impact of COVID-19
The Eurogroup discussed the lessons learned from the uneven impact of COVID-19 across economic sectors and regions. Ministers focused on the implications of the pandemic in the medium-term in terms of policy actions necessary to avoid divergences.
The discussion was supported by a note prepared by the European Commission on the issue of convergence in the euro area.
Corporate solvency and adjustment capacity in the euro area in the recovery period
Following their agreement in previous meetings to monitor solvency and restructuring needs, ministers discussed the solvency situation of the corporate sector and potential measures to facilitate the corporate restructuring and economic adjustment in the euro area in the post-COVID recovery period.
While we are at a point of recovery, we also acknowledge how much work needs to be done and the work that lies ahead. During our discussion today, we reaffirmed that we will continue to take a supportive stance in helping our economies to recover, but we’ll move from a more general approach to a more targeted one. – Paschal Donohoe, President of the Eurogroup
Other business
The European Central Bank (ECB) briefed the Eurogroup on the decision of the ECB Governing Council of July 2021 to launch the investigation phase of the digital euro project.
Meeting information
- Brdo pri Kranju
- 10 September 2021
- 09:00
Preparatory documents
- Draft agenda, Eurogroup
- Draft annotated agenda, Eurogroup
- European Commission note – Economic convergence in the euro area: the COVID-19 pandemic, disruptor or accelerator of convergence?
- Issues note – Corporate solvency and adjustment capacity in the Euro area in the post-Covid-recovery
Press releases
- Remarks by Paschal Donohoe following the Eurogroup meeting of 10 September 2021 – 10 September 2021, 14:45
- Media advisory – Press briefing ahead of Eurogroup meeting of 10 September 2021 – 6 September 2021, 14:25
Source – EC: https://www.consilium.europa.eu/en/meetings/eurogroup/2021/09/10/