All news: ECOFIN and Eurogroup

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  1. 14 June 2019

    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 budgetary instrument will be decided as part of the Multiannual Financial Framework. Progress was also achieved in plans to establish a financial transaction tax: its basic contours are to be defined this year in order to start levying the tax in 2021.

  2. 6 April 2019

    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.

  3. 12 March 2019

    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.

  4. 4 December 2018

    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 for the introduction of a digital tax and adopted an action plan for combating money laundering and terrorism financing.

  5. 4 December 2018

    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.

  6. 4 December 2018

    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 for the introduction of a digital tax and adopted an action plan for combating money laundering and terrorism financing.

  7. 3 December 2018

    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.

  8. 19 November 2018

    Special Eurogroup meeting in November 2018

    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 Stability Mechanism, and the idea of a euro area budget.

  9. 2 October 2018

    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.

  10. 10 September 2018

    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 currency union and the completion of the banking union.

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