Finland's Ministry of Finance outlined the agenda for Finance Minister Riikka Purra’s participation in the Eurogroup and the Economic and Financial Affairs Council in Brussels, highlighting Ukraine financing and key euro area legislative files. The ministry said Finland considers the European Commission’s proposed “war reparations loan” the most workable option in the current situation. Under the proposal, the European Commission would borrow cash from EU financial institutions holding frozen assets of the Russian central bank, with ministers set to discuss the need for rapid decisions on additional support for Ukraine. Ecofin is also due to review the single currency package legislative proposals on the digital euro and the status of euro cash as a means of payment, with Denmark aiming for a Council general approach at ambassador level by the end of the year. The European Semester autumn package will be presented, and the Council is scheduled to decide on launching an excessive deficit procedure for Finland on 20 January, alongside discussions on the savings and investment union, customs reform, simplification of financial market regulation, and the economic and financial impacts of Russia’s war. The Eurogroup agenda covers the assessment of euro area countries’ draft budgetary plans and the euro area fiscal situation, consideration of International Monetary Fund recommendations for euro area policy actions, and the selection of the Eurogroup chair.

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