Ahead of a high-level informal gathering of European Union Finance Ministers and Central Bank Governors, Cyprus Finance Minister Makis Keravnos highlighted the critical need for expanded investment across the continent to counter growing geopolitical and economic pressures.
However, the minister firmly cautioned that this push for new funding must not come at the expense of the European Union’s established fiscal governance framework.
Linking Strategic Autonomy with Competitiveness
Speaking to reporters in Nicosia, Keravnos explained that the core discussions of the meeting would center on boosting economic competitiveness, achieving strategic autonomy, and leveraging targeted investments to reinforce the EU economy.
He noted that self-reliance and market strength are deeply interconnected.
“Strategic autonomy goes hand in hand with enhancing competitiveness,” Keravnos stated, referencing the overarching theme guiding the Cyprus presidency.
Financing Challenges Safely
While there is an absolute consensus among member states on the need to scale up investments to navigate current global shifts, Keravnos insisted on maintaining strict financial discipline. He stressed that generating fresh capital must be executed seamlessly without undermining the core principles of the EU’s fiscal governance.
Beyond structural investments, the minister also announced that the afternoon sessions of the ministerial assembly would pivot toward digital assets, specifically focusing on the regulation and stability of stablecoins within the European financial ecosystem.
Source: Stockwatch.com.cy (May 2026).