ecofin-eurogroup Eurogroup and ECOFIN meetings in May 2018
European finance ministers convened in Brussels on 24-25 May 2018 for their monthly Eurogroup and ECOFIN Council meetings. The ECOFIN Council reached an important agreement on the “banking package” that will pave the way towards the completion of the banking union. If a crisis occurs in the future, banks, shareholders and creditors – not taxpayers – will be liable for losses.
ecofin-eurogroup Eurogroup and ECOFIN in July 2018
The presidency of the Council of the EU rotates among the member states every six months. In July 2018, Austria took up the presidency as scheduled, presenting its programme to the EU finance ministers at the ECOFIN meeting in Brussels on 13 July. For the Eurogroup meeting on 12 July, items on the agenda included further steps to develop the monetary union, as well as an analysis of the euro …
ecofin-eurogroup Eurogroup and informal ECOFIN meetings in September 2018
How can we ensure that multinational corporations in the digital sector are taxed appropriately? This question was addressed by German Finance Minister Olaf Scholz and his fellow finance ministers at the Eurogroup and informal ECOFIN meetings in Vienna on 7–8 September 2018. The discussions focused on the search for a smart, swift solution. Other topics on the agenda included reform of the …
ecofin-eurogroup Eurogroup and ECOFIN meetings in October 2018
Good news for everyone who likes to read: European finance ministers paved the way for the equal tax treatment of digital media at the meeting of the EU’s Economic and Financial Affairs Council (ECOFIN) on 2 October 2018. The reduced rate of value added tax (VAT) can now be applied to e-books and e-newspapers. Previously, it could only be applied to print media.
On 19 November 2018, Finance Minister Olaf Scholz met with his counterparts in Brussels for a special session of the Eurogroup. The aim of the meeting was to press forward with preparations for the Euro Summit in December, where key reforms to the European Monetary Union are to be adopted. Discussions focused on the completion of the banking union, the further development of the European …
eurogroup Eurogroup meeting on 3 December 2018
At their latest meeting, eurozone finance ministers agreed on a number of important steps: Financial transactions will be taxed across the EU, with the revenue benefiting the EU. There will be appropriate taxation of the digital economy. Regarding reform of the euro, significant decisions were taken that will make the common currency and the European financial system even more secure and stable.
ecofin-eurogroup Eurogroup and ECOFIN meetings in December 2018
Once again, there were many important issues on the agenda when European finance ministers convened in Brussels for their last meetings of 2018. Reform of the eurozone is making good progress, in the form of further development of the banking union, the establishment of a European Monetary Fund and the decision regarding a common budget. The ministers also discussed the Franco-German proposal …
ecofin-eurogroup Eurogroup and ECOFIN Council meetings in March 2019
At the meeting of European finance ministers in Brussels on 11-12 March 2019, important progress was made during discussions on a eurozone budget, taxation of large digital companies and fair taxation around the world, on the basis of Franco-German proposals. The political stalemate regarding the issue of a financial transaction tax was also broken thanks to a Franco-German initiative.
ecofin-eurogroup Eurogroup and informal ECOFIN in April 2019
On 5-6 April 2019, European finance ministers convened in Bucharest for the Eurogroup and informal ECOFIN meetings. Subjects discussed included the Franco-German proposal for a eurozone budget, which would be established within the existing structures of the European Union and as part of the EU budget agreements. The goal is to achieve results by the summer.
ecofin-eurogroup Eurogroup and ECOFIN meetings in June 2019
The Eurogroup and ECOFIN convened for their most recent meetings in Luxembourg on 13-14 June. Major progress was made on reforms to the European Stability Mechanism, which is crucial for enhancing the stability of the banking union and the common currency. European finance ministers also agreed on the main features of a future budgetary instrument for the euro area. The financing for the …