The discussion focused on the economic recovery as well as on banking and financial stability issues. Paschal Donohoe, the President of the Eurogroup, also briefed ministers on the June Euro summit, focusing in particular on the banking union discussions in order to prepare the work ahead. In addition, ministers discussed the budgetary situation and prospects in the euro area as a whole, focusing on prospects for 2022. The chairman of the European Fiscal Board (EFB), Niels Thygesen, was invited to the meeting and presented the EFB's recently published report. The assessment is based on a Commission analysis of the 2021 stability programmes. The discussion fed into the preparation of the draft budgetary plans and the recommendations for the euro area for 2022. Lastly, finance ministers discussed the potential implications of a digital euro for citizens, businesses and the Economic and Monetary Union as a whole. They focused on its political dimension, fully respecting the roles and mandates of all institutions involved.