Finance ministers discuss efficiency of public investment, outcome of G7 finance ministers’ meeting and deepening EMU
date: 26/09/2019
See also: Eurogroup, 13/09/2019
They also examined the current transparency initiative of the Eurogroup and exchanged views on how to further enhance it. The Commission and the ECB informed ministers on the main findings of the recently completed 11th post-programme surveillance mission to Ireland, while the ESM briefed the Eurogroup on its early warning system. Eurogroup President Mário Centeno briefed ministers about the outcome of the G7 finance ministers' meeting and launched a call for candidates for the upcoming ECB executive board vacancy. In addition, the new finance ministers of Greece and Italy presented the policy priorities of their respective new governments. Meeting in inclusive format, EU finance ministers continued work on deepening of the Economic and Monetary Union (EMU), this time focusing on all pending issues of the budgetary instrument for convergence and competitiveness for the euro area and Exchange Rate Mechanism II Member States on a voluntary basis. Furthermore, during an informal ECOFIN meeting on 13-14 September, EU finance ministers discussed topics including EU fiscal rules, enhanced action on climate change, and energy taxation.