The reform of the EU’s fiscal rules, banking union, inflation and the economic recovery topped the discussion MEPs had with Eurogroup President Paschal Donohoe on Wednesday.
the EP’s economic and monetary affairs committee, Mr Donohoe said the
economic outlook continued to look favourable but warned of remaining
headwinds with levels of uncertainty continuing to be high. He also said
that although fiscal support would be lower this year than last year,
it would be important to avoid cliff edge effect and that country
specific circumstances would continue being considered.
Many MEPs asked about the next
milestones for the banking union, and what expectations Mr Donohoe had
regarding the reform of the EU’s fiscal rules, for which a Commission
proposal will soon be tabled. MEPs also expressed concerns over rising
inflation, saying that not enough was being done about it. Others
however directed their concern at investment levels which, according to
them remained obstinately low. A few MEPs also asked what the EU could
do about worrying housing bubbles in certain member states and whether
the divergences in competitiveness beginning to show up between some EU
countries was a cause for concern.
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