Poland's Ministry of Finance published a summary of the Economic and Financial Affairs Council meeting in Brussels, where ministers focused on the Savings and Investment Union, economic policy coordination and the economic and financial effects of Russia's aggression against Ukraine. On the Market Infrastructure and Efficient Supervision package, a pillar of the Savings and Investment Union, Poland supported its strategic importance for strengthening EU capital markets and said it was ready to work constructively toward a Council agreement under the Irish presidency. At the same time, it stressed that speed should not come at the expense of quality and called for proportionate changes that strengthen markets while preserving a level playing field across member states. Poland also backed streamlining cross-border post-trade processes, strengthening the regulatory framework for cryptoassets and further integrating the European investment fund market, while keeping high investor protection. On European Securities and Markets Authority reform, it argued for a proportionate supervisory model based on close cooperation with national authorities and avoiding duplication of powers and excessive regulatory burdens. The meeting also covered a review of implementation of the Recovery and Resilience Facility, with ministers adopting implementing decisions on amendments to the national recovery plans of nine member states. ECOFIN adopted the 2026 European Semester country specific recommendations and endorsed conclusions on in-depth reviews under the macroeconomic imbalance procedure. Under the Stability and Growth Pact, the Council decided to open an excessive deficit procedure for Bulgaria and approved the Netherlands' new medium-term fiscal-structural plan. Ministers also discussed the Ukraine Support Loan, welcomed the release of its first funds, reviewed the European Commission and European Central Bank convergence reports on euro adoption for the five member states with a derogation, and approved the EU position for the next Group of 20 finance ministers and central bank governors meeting. Ministers also took note of Ireland's work program for its Council presidency in the second half of 2026. In ECOFIN, Ireland plans to prioritize the Savings and Investment Union, including concluding Council negotiations on the Market Infrastructure and Efficient Supervision package, alongside continued support for Ukraine, tax work on the tobacco package and the Carbon Border Adjustment Mechanism, and efforts to reach agreement on the EU's 2027 annual budget.

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