Cyprus Finance Minister welcomes the E6 initiative on European economic integration

The Minister of Finance of Cyprus, Makis Keravnos, in his capacity as current president of the Economic and Financial Affairs Council (ECOFIN), has issued a statement supporting the initiative of the E6 group of finance ministers. The E6 initiative aims to improve European Union competitiveness, resilience, and strategic autonomy by mobilizing private capital and promoting a Savings and Investment Union. The proposal specifically targets the reduction of market fragmentation within the European Union. Minister Keravnos noted that achieving strategic autonomy has been a primary objective of the Cypriot presidency over the past five months. He described the E6 proposal as a constructive contribution to broader European discussions on economic integration. The minister emphasized that the initiative should be implemented within established European frameworks to ensure added value for all member states. The statement serves as formal acknowledgment of the group's efforts to deepen financial market oversight and cooperation.