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EU Economic Challenges Dominate First Finance Council Under Cypriot Presidency

Published January 22, 2026, 10:52

The first EU Finance Council under the Cypriot Presidency, headed by Finance Minister Makis Keravnos, took place in Brussels. Discussions focused on the challenges facing the European economy, the implementation of the Recovery and Resilience Plan, the financing of Ukraine, and international developments, including the issue of Greenland. Mr. Keravnos emphasized the importance of the Recovery and Resilience Plan, which will be overseen by the Cypriot Presidency until mid-2026.