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Wednesday, October 16, 2024

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EU Commissioner for Budget and Administration visits Manila on September 12 and 13

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The Member of the European Commission for Budget and Administration, Johannes Hahn, will visit Manila on 12 and 13 of September.

This is the first time that a European Commissioner for Budget and Administration will come to the Philippines.

The Commissioner will take the opportunity of his stay in Manila to promote investment in EU-bonds as a safe asset and the euro (EUR) as a stable global currency.

He is meeting with Philippine budget and finance interlocutors from the country including Finance Secretary Ralph Recto.

In only a couple of years, the EU has become one of the largest issuers in euro; it issues about €150 billion per year.

Meanwile, the Commission has a diversified investor base of around 1,700 different investors from 70 countries. Interest from investors outside Europe is growing.

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