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Under the Romanian Presidency at the EU Council, we managed to complete a huge number of legislative files which were in danger of not being closed because there was no time left, many of them being important, such as InvestEU or the ones in the financial services area, Chair of the EP's Economic and Monetary Affairs Committee (ECON) Roberto Gualtieri stated on Friday.
According to him, at the Europgroup meeting, it was discussed the fact that Europe is in a situation of economic slowdown and the need to achieve results in terms of the reform of the Economic and Monetary Union is becoming more pressing and urgent.
In the view of the EP representative, the vulnerability of European growth to fluctuations, external demand, uncertainties and instability make it more urgent and more necessary to strengthen the Economic and Monetary Union and require support for investment in economic and territorial cohesion.
Moreover, also discussed was a new budget instrument for convergence and competitiveness which aims to support the investments and reform package.
Another topic addressed at the meeting referred to what needs to be done in order to complete the Banking Union and in view of supporting a greater cross-border integration of banking and financial systems, but also in view of having a better oversight of capital markets.
