Paschal Donohoe, President of the Eurogroup, comments on the statements made by German Finance Minister German Linder on the possible illegal intervention of the ECB in the event of political unrest in France. He assured the meeting that the ECB always acts within its legal mandate and monitors the financial markets, which are currently stable.
He acknowledges Linder's concerns about France but stresses that European institutions, including the ECB, have clear mandates and respect them. Donohoe avoids prejudging the outcome of the French elections. He stresses the importance of prudent management of public finances for economic growth and stability.
He expresses his respect for Bruno Le Maire, the French Finance Minister. He notes his key role in managing France's economic challenges and his leadership of the Eurogroup. Donohoe also discusses the UK elections, interpreting the Labour Party's victory as a desire for stability and competence on the part of British voters.
Donohoe concludes by stressing the importance of cooperation between EU Member States and the European Commission in maintaining the stability of the eurozone, and says he is ready to work with the next French government to continue to promote sound and stable financial management.
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