European Commissioner for Budget and Administration Hahn visits Manila on 12 and 13 September

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.