DUBLIN—The head of the Eurogroup of euro zone finance ministers Paschal Donohoe is confident the region’s recovery can be sustained into next year even if the Omicron coronavirus variant requires new public health measures, he told the Reuters Next conference. Donohoe, who is Ireland’s finance minister, said his confidence reflected how economies have increasingly demonstrated their ability to limit the damage from restrictions put in place to slow the spread of the virus. He also said the European Union’s huge COVID-19 recovery fund would make “a very big injection” into the bloc next year to further guard against the risks that are now developing. “It is very early days in terms of the health impact of this new variant on all of us. I am confident about our ability to sustain a strong recovery into next year,” Donohoe said in an interview on Wednesday. “I hope we can avoid those …
Eurogroup Head Donohoe Confident Omicron Won’t Derail Recovery
December 1, 2021
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