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Eurogroup briefed on IMF Article IV mission, exchanges views on economic and fiscal situation, and reviews surveillance reports

During a Eurogroup meeting on 6 December, euro area finance and economy ministers listened to a presentation by the IMF on the outcome of its Article IV mission to the euro area, a regular exercise in which the IMF reviews economic developments, consults with policymakers and provides targeted policy advice.

Photo for the 20th anniversary of the EURO, © European Union
European Union

date:  09/12/2021

See alsoEurogroup, 6 December 2021

They also exchanged views on a proposal presented by the Commission for the recommendation on the economic policy of the euro area for 2022 and reviewed the economic and fiscal situation of the euro area Member States. The review was based on Commission opinions on the draft budgetary plans (DBPs) of the 19 euro area member states and on the Commission communication on its overall assessment of the DBPs, published on 24 November 2021. The Eurogroup also discussed the twelfth enhanced surveillance report on Greece, agreeing that the necessary conditions were in place to release the sixth tranche of policy-contingent debt measures. The Commission and the ECB briefed the Eurogroup on the main findings of the post-programme surveillance reports on Cyprus, Portugal, Ireland and Spain, and the Eurogroup adopted the work programme for the first half of next year, covering the period from January until June.