Donohoe to attend Eurogroup and ECOFIN meetings this week
The Minister for Finance and President of the Eurogroup Paschal Donohoe is in Brussels this week to chair the Eurogroup meeting today and attend the Economic and Financial Affairs Council (ECOFIN) meeting tomorrow.
At the Eurogroup meeting, Mrr Donohoe will update his colleagues on the latest developments at the recent IMF Spring meetings, including key takeaways from the G7 discussions.
Ministers will have an opportunity to take stock of the health of the euro area banking system after updates from the Chairs of the Single Supervisory Mechanism and of the Single Resolution Board as part of their twice-yearly reporting.
The Commission will also provide an update on the negotiations on the EU bank crisis management and deposit insurance (CMDI) framework.
ECOFIN is due to start tomorrow morning with a formal working breakfast featuring updates on the economic situation, as well as a debrief from the Eurogroup the previous day.
During the meeting, the Commission will present its Communication on the Savings and Investments Union, with a particular focus on the upcoming proposal on securitisation.
Ministers will then discuss the state of play of a number of financial services and taxation legislative proposals and be invited to agree a general approach on the Directive on VAT rules for distance sales of imported goods and import VAT.
An exchange of views on the economic and financial impact of Russia’s aggression against Ukraine will also be held as welll as a policy debate on the Security Action for Europe (SAFE) proposal.
Article Source – Donohoe to attend Eurogroup and ECOFIN meetings this week – RTE