Minister for Public Expenditure, National Development Plan Delivery and Reform and President of the Eurogroup Paschal Donohoe is in Brussels today, where he will chair the November Eurogroup meeting.
The meeting will take look at the latest macroeconomic developments and outlook, including inflation developments, and hear back from the discussions at the recent IMF/World Bank annual meetings in Washington.
Ministers will also hear from the Chairs of the Single Supervisory Mechanism and the Single Resolution Board as part of their twice-yearly reporting and will discuss the euro area banking system, the main challenges ahead and what remains to be done to bolster the resilience of the banking system.
A discussion on the competitiveness of the European economy is also planned with a view to adopting a formal statement that reflects the discussions that have taken place over the past year among finance ministers on how to enhance Europe's productivity, innovation and investment.
"As today marks the 10-year anniversary of the Single Supervisory Mechanism, our pan-European banking supervisor, it is timely that we will have the opportunity to hear from Chair Claudia Buch, as well as from Chair Laboureix from the Single Resolution Board, to reflect on all that has been achieved so far," Paschal Donohoe said.
"Following up on our Eurogroup statement on the future of the Capital Markets Union, I look forward to hearing about the extensive work under way to take this work forward and make tangible progress in deepening capital markets in Europe so that people have more opportunities to make their savings and investments work for them," he added.
