BRUSSELS (CHATNEWSTV) — European leaders reaffirmed their commitment to economic stability and competitiveness at the Euro Summit in Brussels on Thursday, despite rising geopolitical uncertainties.
In a joint statement, leaders highlighted the resilience of EU economies despite global challenges, noting that declining inflation has helped improve household incomes and investment conditions.
However, concerns over geopolitical risks and economic uncertainties remain high. Leaders urged the Eurogroup to closely monitor fiscal and economic developments to ensure a coordinated policy approach that fosters sustainable and inclusive growth.
A major focus of the summit was on strengthening the EU’s financial system, with calls for swift progress on a Savings and Investments Union and the Capital Markets Union to unlock funding for critical investments. Leaders also stressed the urgency of developing a digital euro, which they say will enhance Europe’s economic security and bolster the international role of the euro.
In addition, the EU welcomed Bulgaria’s progress toward adopting the euro, pending assessments from the European Commission and the European Central Bank.
The President of the Eurogroup has been tasked with reporting regularly on these key initiatives as the EU pushes for deeper financial integration.
