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Thank you and good morning everyone, As Paschal just said, we are happy to have this chance to meet in person and for this we are thanking the Portuguese Presidency for hosting all of us in an excellent way.  And this is due to the progress that was made in the vaccination campaigns and also the improving health situation here in Portugal, which is of course great news. There was a certain optimism in our meeting, and pride even, for decisions taken in the last year and indeed, as vaccinations accelerate restrictive measures are easing and economic activity is gathering pace.

The economy in the EU will grow by 4.2% in 2021 and 4.4% in 2022 The Spring 2021 Economic Forecast projects that the EU economy will expand by 4.2% in 2021 and by 4.4% in 2022. The euro area economy is forecast to grow by 4.3% this year and 4.4% next year. This represents a significant upgrade of the growth outlook compared to the Winter 2021 Economic Forecast which the Commission presented in February. Growth rates will continue to vary across the EU, but all Member States should see their economies return to pre-crisis levels by the end of 2022. Economic growth resumes as vaccination rates ...

4 hours ago The Spring 2021 Economic Forecast projects that the EU economy will expand by 4.2% in 2021 and by 4.4% in 2022. The euro area economy is forecast to grow by 4.3% this year and 4.4% next year. This represents a significant upgrade of the growth outlook compared to the Winter 2021 Economic Forecast which the Commission presented in February. Growth rates will continue to vary across the EU, but all Member States should see their economies return to pre-crisis levels by the end of 2022. Economic growth resumes as vaccination rates increase and containment measures ease The coronaviru...

As Britain booms again, let us scrub ‘despite Brexit’ from the lexicon By early next year the UK is set to close the entire economic gap with the eurozone that has built up since the Brexit referendum 12 May 2021 • 6:32pm Britain’s coiled-spring recovery is now an economic fact, and it looks even stronger than the most giddy optimists had dared to hope.  Barring any upset from Covid variants or a bond rout, the British economy will be the G7 star this year. That is not in itself surprising. Part of this is a mechanical V-shaped rebound from last year’s exaggerated statistical dip.�...

Met dank overgenomen van Eurogroep, gepubliceerd op woensdag 21 april 2021. Thank you for the kind invitation and the opportunity to address you all today. This is part of a regular engagement I am having with the leading Research Centres on European policy, which began in March with my presentation to the Hertie School in Berlin. I want to speak with you about the work of the Eurogroup, both in terms of the short-term issues linked to last week’s meeting but also the more medium to long-term issues, and the political and strategic focus that the Eurogroup can bring to these discussions.