Finance ministers to discuss the EU’s economic outlook and the economic effects of the Ukraine crisis
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Minister of Finance Annika Saarikko will signify Finland in the conference of EU and euro location finance ministers in Brussels on 23–24 March.
The Economic and Economical Affairs Council (Ecofin) will discuss the economic results of the Ukraine crisis. In this context, the Commission will existing its communication on Ukraine aid and reconstruction, which was posted on 18 Could. The ministers will also be briefed on the implementation of the Recovery and Resilience Facility (RRF). The REPowerEU conversation, which was revealed by the Commission on 18 May well, may possibly also arrive up in this context.
The ministers will also talk about the proposal for a Council directive on ensuring a world minimum amount amount of taxation for multinational groups in the Union. The assembly will aim to achieve a general method on the proposal.
Eurogroup to discuss economic predicament in the euro spot
The Eurogroup will examine macroeconomic and fiscal developments in the euro place in light-weight of the European Fee Spring Forecast posted on 16 May well. The ministers will also go over filling the forthcoming emptiness of the Managing Director of the European Stability Mechanism (ESM). The time period of the current Taking care of Director, Klaus Regling, will finish in Oct.
The Eurogroup’s inclusive structure, which is made up of the ministers of all EU Member States, will go over the draft perform plan for the completion of the Banking Union.
Inquiries:
Martti Salmi, Senior Ministerial Adviser, tel. +358 400 510 304, martti.salmi(at)gov.fi
Petra Schulze Steinen, Exclusive Adviser to the Minister of Finance, tel. +358 40 671 7278, petra.schulze-steinen(at)gov.fi
The Financial and Money Affairs Council (Ecofin) is a single of the configurations of the Council of the European Union. Ecofin would make conclusions on EU legislative proposals inside of its remit, usually in cooperation with the European Parliament. It is also liable for coordinating the financial procedures of EU Member States. Ecofin is composed of the Member States’ economic and economic affairs ministers.
The Eurogroup is an informal system tasked with coordinating financial guidelines amongst the euro spot member states and advertising and marketing financial growth. The Eurogroup is made up of the financial and economical affairs ministers of the euro spot member states. Whilst the Eurogroup has no legislative operate, it does established out plan tips.
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