Greece's Ministry of National Economy and Finance announced that Minister of National Economy and Finance Kyriakos Pierrakakis will travel to Brussels to participate in the Eurogroup on 12 May and the Economic and Financial Affairs Council (ECOFIN) on 13 May, where ministers are expected to discuss Banking Union implementation, the digital euro and wider EU economic and financial policy priorities. The Eurogroup agenda includes an extensive discussion on the Banking Union roadmap, including a hearing of the Chair of the European Central Bank’s Supervisory Board, as well as an update on preparations for the European Stability Mechanism’s annual meeting in June. In its enlarged format, the Eurogroup is set to cover global economic developments, including key points from G7 meetings, alongside progress on the digital euro project. ECOFIN is expected to take up the European Commission’s communication on a Savings and Investments Union, exchange views on financing European defence and strengthening the EU defence industry with a focus on the proposed SAFE regulation, and discuss the economic and financial impact of Russia’s aggression against Ukraine. The agenda also includes a Commission update on ongoing financial services legislative proposals, consideration of a VAT directive on distance sales of imported goods and import VAT, and approval of amended Recovery and Resilience Plans for Spain, Slovakia, Portugal and the Netherlands. On the margins of the Eurogroup and ECOFIN meetings, the minister is scheduled to hold bilateral meetings with European officials and counterparts.

Original source View in tracker