About: Paschal Donohoe
Eurogroup president launches new push to complete banking union
On Tuesday (3 May), euro area finance ministers met virtually via videocall to discuss new measures to integrate the European banking system, that were proposed by the Irish finance minister and Eurogroup president Paschal Donohoe.
Euro zone ready to reverse planned fiscal policy tightening amid Ukraine war
Euro zone finance ministers agreed on Monday (14 March) to tighten fiscal policy a little next year after three years of pumping billions into the economy due to the coronavirus pandemic, but also to be ready with more cash should the war in Ukraine make it necessary.
Eurogroup ministers discuss economic governance framework
Monday’s meeting of the eurozone finance ministers was the first opportunity to discuss the review of the EU’s economic governance framework. While Commissioner Gentiloni hoped for a fresh start in the debate, the Austrian finance minister Gernot Blümel insisted on keeping the current rules.
Ireland agrees to global tax deal, sacrificing prized low rate
Ireland dropped its opposition to an overhaul of global corporate tax rules on Thursday (7 October), agreeing to give up its prized 12.5% tax for large multinationals in a major boost to efforts to impose a minimum rate worldwide.
US urges Ireland to take global tax deal
US Treasury Secretary Janet Yellen urged Paschal Donohoe, the finance minister of Ireland, to take a "once in a generation opportunity" for a global deal that would stop a race to the bottom on corporate tax rates, the Treasury said.
Ireland rejects global tax reform plans, says Donohoe
Ireland will not support global tax reform plans, Finance Minister Paschal Donohoe insisted Thursday (15 July), entrenching its hold-out position as momentum builds for a deal meant to ensure multinationals pay a fair share.
Global tax deal backed by 130 nations, Ireland and Hungary stay out
A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday (1 July), but some EU states refused to sign up.
Eurozone to forgo budget belt-tightening for now
Eurozone finance ministers said Monday (15 March) they would not tighten spending given the continuing pandemic in Europe, but warned that soaring debt levels would eventually have to be fixed.
Donohoe wins Eurogroup presidency
Ireland’s minister of Finance, Pascal Donohoe, will be the next Eurogroup chief, outgoing president Mario Centeno announced.
Election day: Calviño and Donohoe neck and neck in Eurogroup race
Eurozone finance ministers are split on whether to pick their Spanish colleague Nadia Calviño or Ireland’s Paschal Donohoe as the next Eurogroup president during a videoconference on Thursday (9 July), EU sources and diplomats told EURACTIV.com.
Calviño, Donohoe and Gramegna compete for Eurogroup helm
Ministers Nadia Calviño (Spain), Paschal Donohoe (Ireland) and Pierre Gramegna (Luxembourg) will compete for the Eurogroup Presidency. While Calviño could become the first woman to chair the body, her colleagues promised to become ‘bridge builders’ between the different positions.
Eurogroup race hits milestone with no official candidates yet
The deadline for eurozone finance ministers to put forward their candidacy to chair the Eurogroup ends on Thursday (25 June), with no official contenders yet, although Spain’s Nadia Calviño, Ireland’s Paschal Donohoe and Luxembourg’s Pierre Gramegna are seen as leading the race.
Ireland’s concerns over EU digital tax ‘gaining wider support’
Ireland’s concerns over how the European Union should proceed with taxing large digital businesses are shared by a growing number of countries, Finance Minister Paschal Donohoe said on Monday (5 February).
Ireland makes U-turn, says will collect €13 billion back taxes from Apple
The Irish government has reached an agreement with Apple to start collecting the €13 billion owed by the tech giant, it announced on Monday (4 December).