Participation of YPOIK in the meetings of the Eurogroup and Ecofin

The Minister of Finance Mr. Christos Staikouras will be tomorrow, Monday and the day after tomorrow, Tuesday in Luxembourg, in order to participate in the meetings of the Eurogroup and Ecofin and to make contacts with European officials.

In particular, tomorrow, Mr. Staikouras will go to the headquarters of the European Stability Mechanism in the morning, where he will meet with the Executive Director of ESM Mr. Klaus Regling and high-ranking executives of the Mechanism.
A visit to the headquarters of the European Investment Bank will follow, where the Minister of Finance will meet with EIB President Werner Hoyer and senior officials of the Bank of the European Union.

Afterwards, Mr. Staikouras will take part in the Eurogroup meeting, which will discuss the macroeconomic situation and prospects of the Eurozone and the short- and medium-term impact of the Ukraine war on the Eurozone. The agenda of the meeting also includes the preparation of international meetings, a discussion on “Compromises in the design of the digital euro between privacy and other policy objectives”, as well as a thematic discussion on developments in the Eurozone housing market and the implications for policies.

The Eurogroup will also meet with a banking union to brief on the banking union, hold the 15th hearing of the Chairman of the Supervisory Board and provide information on the recent activities of the Single Resolution Board.

On Tuesday, the Minister of Finance will attend the meeting of Ecofin, which, according to the agenda, includes an orientation discussion on the proposal to transpose into the European Union the global agreement reached at OECD level and which will be subject to major multinationals. companies at a minimum tax rate of 15% worldwide. The aim is to determine the Council’s position on the proposal.

The Ministers of Economy and Finance will also discuss the economic and financial implications of sanctions imposed on Russia following its military offensive against Ukraine, and will exchange views on the implementation of the Council conclusions on strengthening European financial principles. development (EFAD), citing as an example the response to the needs expressed by Ukraine. In addition, Ministers are expected to issue conclusions on the European Union’s strategic autonomy in economic and budgetary matters.

Finally, the agenda of the meeting includes preparation of the Spring Session of the International Monetary Fund and the Meeting of Finance Ministers and Governors of the G20 Central Banks, as well as briefing on the progress of work on current legislative proposals in the field of financial services.