Among other points, Ministers discussed the economic situation and financial market developments on the basis of the spring forecasts.
5 May 2009.
Eurogroup ministers met at 17:00 hrs on Monday 4 May. Joaquín Almunia, Commissioner responsible for Economic and Monetary Affairs will attend as will European Central Bank Governor Jean-Claude Trichet.
Ministers discussed the economic situation and financial market developments, on the basis of the Spring forecasts.
The Council of Economics and Finance Ministers started at 10.00 hrs on 5 May. The ECOFIN meeting was attended by Commissioner Joaquín Almunia, Internal Market and Services Commissioner Charlie McCreevy and Taxation and Customs Union Commissioner Laszlo Kovacs.
The Council approved an increase to € 50 billion of the lending ceiling for the EU support facility for non-euro area Member States in financial difficulty. Among other points, Ministers also discussed the quality of public finances in relation to age-related expenditures projections and the economic situation and financial market developments on the basis of the spring forecasts.
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