Eurozone EU leaders said in a statement on Friday that they expected lower inflation to lead to an economic recovery, but acknowledged that “economic activity will be subdued in the short term.”
To maintain the bloc's influence, the bloc's economy needs to become “more resilient and competitive”, says European Council president Charles Michel said on X, formerly known as Twitter.
Michel chaired the Brussels meeting of countries using the single currency, the euro, convened to address the euro zone's weak economic growth.
EU leaders agreed to work closely on rules for public spending and to take steps to improve the resources and efficiency of the region's financial markets.
Eurogroup President Paschal Donohoe said after the meeting that he had “never seen such an interest” from EU leaders in the region's financial markets.
President of the European Central Bank Christine Lagarde The leaders provided an update on the inflation situation in the region.
The plenary session of the 27 EU member states assessed the EU's economic concerns, discussed immigration and how to appease the bloc's farmers, who are angry and protesting over environmental regulations and declining incomes. was also discussed.
On Thursday, the prime minister and president gathered to call for a ceasefire in Gaza, to use proceeds from seized Russian assets to support Ukraine, to strengthen Europe's defense industry, and to start accession talks with Bosnia and Herzegovina. We agreed on that.
