EPP Finance Ministers, chaired by Valdis Dombrovskis, European Commissioner for Economy and Productivity, Implementation and Simplification, and Vincent Van Peteghem, EPP Vice President and Deputy Prime Minister and Minister of Budget of Belgium, met this morning in Brussels ahead of the Economic and Financial Affairs Council (ECOFIN).
Ministers held an exchange on the economic recovery in Europe, discussing the latest economic developments and outlook across Member States. They emphasised the importance of maintaining sustainable public finances while supporting growth, investment and job creation across the Union.
The discussion then focused on the economic and financial consequences of the war in Iran, particularly the surge in energy prices. Ministers examined the potential impact on European economies and underlined the need for coordinated European action to strengthen energy security, limit inflationary pressures and protect the competitiveness of European industry. Ministers also discussed the EU competitiveness roadmap, highlighting the importance of strengthening Europe’s productivity, fostering innovation, reducing unnecessary regulatory burdens and mobilising investment to support Europe’s industrial base and long term economic resilience.
The meeting concluded with an exchange on the economic and financial impact of Russia’s aggression against Ukraine. Ministers reiterated their continued support for Ukraine and underlined the importance of maintaining strong and coordinated European financial assistance in response to Russia’s ongoing war of aggression.



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