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Eurogroup and ECOFIN ministers meetings of 8 and 9 June

Ministers discussed the current economic situation, financial market developments and preparations for the European Council.

Updated 9 June 2009.

EUROGROUP

Eurogroup ministers met at 17:00 hrs on Monday 8 June. Joaquín Almunia, Commissioner responsible for Economic and Monetary Affairs attended as did European Central Bank Governor Jean-Claude Trichet.

Agenda

Ministers discussed common budgetary orientations ahead of the preparation o the national budgets for 2010 (Mid-term Budgetary Review). The discussions takes a particular significance this year in view of the necessity to balance the needs for stabilisation of the economy and sustainability of public finances.

Ministers also had their regular, twice a year exchange of views with the International Monetary Fund on euro-area policies.

The agenda also included a discussion on the impact of structural measures taken within the framework of the European Economic Recovery Plan on the competitiveness positions of the euro area Member States.

ECOFIN

The Council of Economics and Finance Ministers will started at 10.30 hrs on 9 June. The ECOFIN meeting was  attended by Commissioner Joaquín Almunia, Internal Market and Services Commissioner Charlie McCreevy and Taxation, Customs Union Commissioner Laszlo Kovacs and Competition Commissioner Neelie Kroes.

>> Detailed Eurogroup and ECOFIN agenda Choose translations of the previous link 
>> Council conclusions

Agenda

  • Update on current situation of European economies and financial markets
  • International Accounting Standards
  • Preparation of the European Council of 18-19 June
    European Supervisory framework, (27 May 2009) , Implementation of the European Economic Recovery Plan (4 March 2009), bank support schemes, international financing to tackle climate change
  • Taxation
    Good governance (28 April 2009), fight agains VAT fraud, VAT and financial services, Savings Tax Directive,
  • Preparation for the next G20 summit of 24 - 25 September