Brussels: Europe and the Arabs
Today, the meetings of the European Union finance ministers, which started on Monday in Brussels, are continuing at the level of the ministers of the euro group countries, which deal in the single European currency. Director of the European Union Agency for Cooperation of Energy Regulators (ACER) on recent developments in the energy market. The exchange will provide inputs for assessing future fiscal policy challenges.
"Compared to last summer, energy prices have fallen significantly and the most pessimistic forecasts have not materialized. Developments related to demand and storage have been reassuring, but we need to continue our efforts to diversify our energy sources and reduce energy consumption," said Pascal Donohue, President of the Eurogroup.
Labor Markets in the Eurozone: Recent Developments and Challenges Ahead
Acting on a note from the Commission's services, Eurogroup participants exchanged views on developments in the eurozone's labor markets in recent years. The ministers also discussed policy challenges in the current context of rising inflation, long-term changes associated with demographics, and green and digital transformations.
“We know the strong resilience that labor markets in the euro area have shown in recent years, despite the many crises we have been through,” said Pascal Donohue, President of the Eurogroup. Unemployment reached a record low in November. While this year is likely to be more difficult We can feel positive about this fundamental The Eurozone has turned into an employment powerhouse in just a few short years.
Macroeconomic and Financial Developments and Policy Coordination in the Eurozone
On the back of previous discussions, the ministers exchanged views on macroeconomic and financial developments and prospects, keeping in mind the Commission's winter outlook. In light of the in-depth discussions on fiscal policy directions to be held in March, ministers reflected on the implications for future policy coordination in the euro area.
“While the economic outlook remains challenging, the eurozone economy is in much better shape this winter than some originally feared. We need to consider having a level of budgetary support that reflects the changes we expect to see in terms of the energy price and the overall level of inflation. This is important in order to reduce the overall cost of the budget and achieve an adequate fiscal position while protecting the most vulnerable and maintaining incentives for the green transition. According to Pascal Donohue, President of the Eurogroup
Discussions will resume today in an expanded manner to include the finance ministers of the member states of the unified European bloc