The Ministers for Finance and Public Expenditure and Reform are both in Brussels for the March Eurogroup meeting of finance ministers.
The two-day meeting will discuss the implementation of the Recovery and Resilience Facility, the economic and financial impact of Russia's aggression against Ukraine as well as the G20 finance ministers and central bank governors meeting in Sao Paolo.
Pascal Donohoe, the President of the Eurogroup, said the Eurogroup needs now, more than ever, to ensure we have the right environment for European businesses to access funding and scale-up in Europe, and for savers and investors to have new opportunities to invest more productively in Europe.
"This will boost our competitiveness, contribute to improving our living standards and ensure that the EU is a global leader for innovation," Mr Donohoe said.
"We will also exchange views on the euro area economy, drawing on recent forecasts from the European Commission.
"Fiscal policy is likely to be restrictive this year as energy support measures are phased out and we will provide our common euro area view on orientations for budget planning for 2025," he added.
Michael McGrath said he looked forward to an engaging two days of discussions with his European colleagues on a number of key issues.
