Sun. Dec 4th, 2022

Brussels, 24 June 2022

EU leaders met in Brussels for a Euro Summit in inclusive format – EU27. They discussed the current economic situation, the further strengthening of the Banking Union and the Capital Markets Union.

Economic situation

EU leaders discussed the current economic situation, in the context of Russia’s war against Ukraine and the rising inflation. Leaders took note of the letter of the President of the Eurogroup of 21 June 2022, inviting the Eurogroup to closely monitor economic developments.

EU response to Russia’s invasion of Ukraine (background information)

Letter of the President of the Eurogroup, Paschal Donohoe, to the President of the Euro Summit, Charles Michel ahead of the 24 June Euro Summit

Banking Union and Capital Markets Union

EU leaders welcomed the Eurogroup statement on the future of the Banking Union , which provides that, as an immediate step, work on the Banking Union should focus on strengthening the common framework for bank crisis management and national deposit guarantee schemes.

Leaders also welcomed the commitment of the Eurogroup in inclusive format to identify possible further measures to strengthen and complete the Banking Union, and called for stepping up efforts in deepening the Capital Markets Union.

Banking union (background information)

Capital markets union (background information)

Greece – end of enhanced surveillance

EU leaders welcomed the expected expiration of the enhanced surveillance framework for Greece, which will constitute an important landmark for Greece’s sustainable growth, financial stability and continued budgetary responsibility.

Eurogroup paves way to end of Greece’s enhanced surveillance and confirms release of further tranche of debt measures (press release, 16 June 2022)

Meeting information
  • Brussels
  • 24 June 2022
Preparatory documents

Provisional agenda

Statement of the Euro Summit, 24 June 2022 – 24 June 2022, 15:58

20220624-euro-summit-statement-en

Source – The European Council

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