Cyprus Finance Minister and ECOFIN President Makis Keravnos has formally welcomed the E6 initiative's new push to strengthen EU resilience. The strategy focuses heavily on integrating markets and mobilizing private capital to secure long-term European autonomy.

The Minister of Finance, Makis Keravnos, welcomed the decision of the six Finance Ministers participating in the E6 initiative to strengthen their efforts towards enhancing the European Union’s competitiveness, resilience, and strategic autonomy through the mobilization of private capital, the advancement of the Savings and Investments Union, and the reduction of fragmentation within the European Union, in a written statement issued today, in his capacity as Minister of Finance of Cyprus and the current President of the Economic and Financial Affairs Council (ECOFIN).

According to Keravnos, the strategic autonomy of the European Union is a key objective of the Cypriot Presidency, which has consistently promoted this goal through intensive efforts over the past five months. This new alignment highlights a unified approach toward fortifying the single market against global economic challenges.

“The E6 initiative constitutes a useful additional contribution to the broader European efforts and discussions aimed at advancing the Savings and Investments Union, strengthening competitiveness, and enhancing the strategic autonomy of the European Union, within the framework of common European processes and with the objective of creating added value for the European Union as a whole, as also noted in the E6 statement,” the Minister concludes.

Source: CNA(ΚΥΠΕ)