Remarks by Eurogroup President Kyriakos Pierrakakis on the EU’s response to the current economic and energy price situation, financial stability, cross-border banking in the EU and digital finance.

The Council appointed François-Louis Michaud as chairperson of the European banking authority (EBA). Mr Michaud will take up the role on 16 April 2026. His term of office will run for a five-year period and may be extended once.

The Council today agreed on its negotiating position on key proposals to strengthen the euro currency and, in turn, improve the EU’s strategic autonomy, economic security and resilience.

The Council today agreed on its position on revitalising the EU’s securitisation framework, in support of EU competitiveness.

The Council and the European Parliament agreed on an updated retail investment framework to empower and protect consumers when they invest. It will also help to foster trust and increase competitiveness in the EU’s financial markets.

Today, the Council and the European Parliament reached a provisional political agreement to bolster EU legislation on payment services to better fight payment fraud, boost transparency on fees, and increase consumer protection in this area.

Eurogroup President, Paschal Donohoe, gave a speech at the Sixth ECB Forum on Banking Supervision, on the 'Shaping financial regulation in an era of distrust'.

President of the Eurogroup, Paschal Donohoe, is travelling to Germany on 14 November 2025.

Remarks by Eurogroup President Paschal Donohoe on macroeconomic situation, competitiveness, euro area challenges in a global context, while also addressing fiscal policy coordination, Banking Union and the progress made on the digital euro and stablecoins.

 Eurogroup President, Paschal Donohoe, issued a statement welcoming the political agreement reached by the Council and the European Parliament on the reform of the EU’s Crisis Management and Deposit Insurance (CMDI) framework.

The Council and the European Parliament reached a political agreement today on an updated crisis management and deposit insurance framework for banks in the EU.

The Council and the European Parliament reached a provisional agreement today on new rules to make transactions in transferable securities more efficient.

Today, member states' representatives (Coreper) approved the Council’s stance on new rules to modernise the payment services environment in the EU, while reducing payment fraud and improving efficiency.

The Council agreed to render permanent the current transitional liquidity rules for certain short-term transactions undertaken by EU banks.

The Council agreed its negotiating mandate on a legislative proposal to shorten the deadline for the settlement of transactions in transferable securities.

President of the Eurogroup, Paschal Donohoe, is travelling to Washington D.C. to attend the Spring meetings of the International Monetary Fund (IMF) and the World bank Group.

Report by President of the Eurogroup, Paschal Donohoe, at the Economic dialogue with the ECON Committee on strengthening economic resilience, fostering investment, and enhancing competitiveness through coordinated fiscal policies, capital markets and banking union advancements.

Remarks by Eurogroup President Paschal Donohoe for the 10th Anniversary of the Single supervisory mechanism.

The Eurogroup discussed the macroeconomic progress in the euro area, advancements in the Banking Union,  progress on the Capital Markets Union, and issued a statement in inclusive format on the competitiveness of the European economy.

The President of the Eurogroup, Paschal Donohoe, has sent a letter to the President of the European Council, Charles Michel, to report on the latest work of the Eurogroup.