Eurogroup’s Donohoe Confident on Reaching Deal on Fiscal Rules
Paschal Donohoe, president of the Eurogroup, at the Bloomberg New Economy Gateway Europe conference near Dublin, Ireland, on April 19
Photographer: Paulo Nunes dos Santos/BloombergThis article is for subscribers only.
The European Union will reach an agreement on the review of its common fiscal rules because “we need to and we have to,” said Paschal Donohoe, president of the Eurogroup which brings together euro-area finance ministers.
“There’s far more consensus than what you may think regarding the need for such rules,” he said at the Bloomberg New Economy Gateway Europe event near Dublin on Wednesday. “We need to have credible medium-term fiscal rules.”