Chris MacManus MEP has said the reluctance of Finance Minister Paschal Donohoe to address reform of the EU’s fiscal rules shows a lack of leadership from the Eurogroup. MacManus was speaking following an exchange with Minister Donohoe at the European Parliament’s Economic and Monetary Affairs Committee. Minister Donohoe was appointed President of the Eurogroup in July.
MEP MacManus said: “Today I questioned Minister Paschal Donohoe on his Eurogroup’s position on the need for deep reform of the fiscal rules. Unfortunately, he chose to kick the issue to the Commission. This is very regrettable. There is a lively debate taking place right now on the future of these rules because of the massive increase in debt that countries have rightly taken on to tackle the damage of Covid 19. Yet Minister Donohoe and the Eurogroup are hiding behind the Commission. That is not acceptable.”