Harris\u2019 comments came after the finance ministers of Germany, France, Italy, Spain, the Netherlands and Poland met in Brussels, behind closed doors, earlier in the day to discuss how best to speed up Europe\u2019s plans to take on Wall Street.<\/p>\n
That\u2019s a problem for the likes of Dublin, which has a direct stake in the plans to deepen the bloc\u2019s financial markets. Most money managers in Europe do the bulk of their business in Ireland and Luxembourg, which oppose efforts to create a single EU watchdog for the biggest financiers across the bloc.<\/p>\n
Monday\u2019s E6 gathering was the second meeting of its kind, with another planned in March, amid growing frustration that the EU is moving too slowly to keep pace with the economic powerhouses of the U.S. and China.<\/p>\n
The shock surrounding U.S. President Donald Trump\u2019s pursuit of Greenland also convinced the EU\u2019s most powerful countries to agree on political positions ahead of G7 meetings \u2014 especially when it comes to securing critical raw materials.<\/p>\n
\u201cWhat happened with Greenland served as a wake-up call,\u201d Germany\u2019s finance minister, Lars Klingbeil, told reporters ahead of the Eurogroup. \u201cWe\u2019ll be transparent.\u201d The goal is to agree on certain topics and present them to the rest of the EU, he added.<\/p>\n
The next E6 meeting will focus on boosting the euro on the global stage and making defense investments more effective. Not everyone\u2019s opposed. Some diplomats perceive E6 as little more than a political tactic to push the most reluctant countries to go ahead on controversial issues.<\/p>\n","protected":false},"excerpt":{"rendered":"Harris\u2019 comments came after the finance ministers of Germany, France, Italy, Spain, the Netherlands and Poland met in…\n","protected":false},"author":2,"featured_media":430020,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1340,84,6230,817,1294,13933,1345,4176,819,145,555,2274,479,467,999,8735,640,8736,642,56,54,55],"class_list":{"0":"post-430019","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-banking","9":"tag-business","10":"tag-competitiveness","11":"tag-cooperation","12":"tag-economy","13":"tag-eurozone","14":"tag-exclusive","15":"tag-finance","16":"tag-france","17":"tag-germany","18":"tag-industry","19":"tag-ireland","20":"tag-italy","21":"tag-markets","22":"tag-poland","23":"tag-raw-materials","24":"tag-spain","25":"tag-supply-chains","26":"tag-the-netherlands","27":"tag-uk","28":"tag-united-kingdom","29":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/430019","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=430019"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/430019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/430020"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=430019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=430019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=430019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}