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Finland stresses the importance of completing the Banking Union, which has strengthened the resilience of the banking sector, at the Euro Summit

Government Communications Department
Publication date 24.3.2023 14.36 | Published in English on 24.3.2023 at 15.18
Press release
Pääministeri Marin walking in the Europe building, a blue wall in the backround
Photo: EU Council

Prime Minister Sanna Marin represented Finland at the Euro Summit in Brussels on 24 March. Topics on the agenda included the economic situation and the coordination of economic policies. Discussions also focused on the situation in the banking sector.

The statement adopted at the summit noted that the banking sector is resilient, with strong capital and liquidity positions. Finland supports the completion of the Banking Union, which has significantly strengthened the resilience of the banking system, initially through the resolution of banks and by strengthening the legislation on deposit guarantees.

In their statement, the euro area countries renew their commitment to close coordination of their economic policies with a view to increasing the resilience of their economies. The statement emphasises the importance of the economic governance framework in supporting the stability of the euro and the resilience of the euro area.

In addition to the leaders of all EU Member States, the Euro Summit was attended by President of the European Commission Ursula von der Leyen, President of the European Central Bank Christine Lagarde and President of the Eurogroup Paschal Donohoe. Euro Summit meetings aim to provide strategic guidelines on economic policy in the euro area.

Inquiries: Jari Luoto, Director General, EU Affairs Department, tel. +358 50 468 5949, Saara Pokki, Special Adviser (EU Affairs), tel. +358 50 478 6363 and Rami Kurth, Communications Specialist (EU Affairs), tel. +358 50 465 7963, Prime Minister’s Office