The Minister of Finance, Mr. Christos Staikouras, is going to Brussels tomorrow, Monday, in order to participate in the meetings of the Eurogroup and Ecofin.
In particular, tomorrow Mr. Staikouras will take part in the regular meeting of the Eurogroup, where the macroeconomic prospects in the Eurozone will be discussed, including the issue of inflation and energy prices.
Eurozone finance ministers are also expected to exchange views on the policy objectives and uses of the digital euro.
An enlarged Eurogroup meeting will follow, during which the review of economic governance will be discussed.
According to the agenda, “the European Commission will present the renewed review of economic governance, focusing on the dimension of the Eurozone. Ministers will discuss how the Eurogroup can handle this review and address the difficulties in coordinating fiscal and financial policies and challenges for Economic and Monetary Union (EMU) following the COVID-19 pandemic “.
In addition, the progress of the banking union and the preparation for the establishment of the common security mechanism for the Single Resolution Fund will be examined.
The day after tomorrow, Tuesday, Mr. Staikouras will attend the Ecofin meeting, where the European Union Finance Ministers will exchange views on the prospects of the European economy after the pandemic and the effects of the health crisis on economic governance.
According to the agenda, “Ministers will discuss the future of economic governance and will have the opportunity to express their views on the future course of the rules of the Stability and Growth Pact.”
Ecofin will also consider funding for Next Generation EU and the implementation of the Recovery and Resilience Mechanism, and is expected to adopt conclusions on the future of the European Semester in relation to the Recovery and Resilience Mechanism.
The agenda of the meeting also includes an exchange of views on energy prices and inflation, a discussion on the implementation of “Basel III”, and the presentation of the European Court of Auditors’ annual report on the implementation of the European Union budget for the financial year 2020.
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Source From: Capital
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