ECOFIN: 14 June 2019:Written statement - HCWS1623

Made on: 13 June 2019
Made by: Mr Philip Hammond (The Chancellor of the Exchequer)

ECOFIN: 14 June 2019

A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Luxembourg on 14 June 2019.

ECOFIN will be preceded by a morning meeting of the European Investment Bank (EIB) Board of Governors:

Annual EIB Board of Governors meeting

The meeting of the EIB Board of Governors will include: statements from the Chairman, President and Chairman of the Audit Committee; a Governors discussion; a presentation on the annual report of the Audit Committee; and a vote for partial renewal of the Audit Committee. The UK will be represented by Mark Bowman (Director General, International Finance, HM Treasury).

Following this, EU Finance Ministers will discuss the following at ECOFIN:

Early Morning Session

The Eurogroup President will brief the Council on the outcomes of the 13 June meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU.

Banking Union

The Council will be invited to endorse a progress report on the Banking Union.

Financial Transaction Tax

Ministers will receive a progress update in relation to the enhanced co-operation in the area of financial transaction tax.

G20 follow-up

The Council Presidency and Commission will present the main outcomes of the G20 meeting of Finance Ministers and Central Bank Governors, which took place on 8-9 June in Fukuoka, Japan.

European Semester

Ministers will discuss the draft 2019 Country Specific Recommendations (CSRs) and progress towards the Europe 2020 targets.

Stability and Growth Pact

Ministers will be invited to adopt Council decisions and recommendations on the implementation of the Stability and Growth Pact.

Clean Planet

Ministers will exchange views on a strategic long-term vision for a climate-neutral economy.

Non-performing loans

Under any other business, the Commission will provide an update on the implementation of the Action Plan to tackle non-performing loans in Europe.

This statement has also been made in the House of Lords: HLWS1585

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