Video conference of the Eurogroup, 3 mei 2022, Online - Main contents
| date | May 3, 2022 |
|---|---|
| location | Online  |
Main results
The Eurogroup met in inclusive format on 3 May, via videoconference, to discuss a draft work plan on the banking union.
The President of the Eurogroup presented his proposal for a work plan to complete the Banking Union.
Completing the banking union is a key European objective aimed at further strengthening EU's financial sector.
At the Euro Summit in December 2020, Leaders tasked the Eurogroup with preparing, on a consensual basis, a stepwise and time-bound work plan on all outstanding elements needed to complete the Banking Union. Leaders underlined this mandate once again at their informal meeting in Versailles on 10-11 March 2022, emphasising that a completed Banking Union must be part of the equation for financing the needs of our economy.
The draft work plan has been formulated to reflect the views and the concerns that have been raised by member states in my many months of engagement with them. And I was heartened that many colleagues did recognise the importance of revisions that have been made and compromises that have been offered. There is a huge amount of work to be done, but my team and I will spare no effort between now and June to try to make this progress and to try to reach agreement.
Paschal Donohoe, President of the Eurogroup