Finance Minister Mr. Christos Staikouras will be in Brussels today, Monday and tomorrow, Tuesday, in order to participate in the Eurogroup and Ecofin meetings.
Before the Eurogroup meeting, Mr. Staikouras will have a bilateral meeting with the Minister of Finance of Bulgaria, Mrs. Rositza Velkova-Jeleva.
Budgets are on the table
In particular, today Mr. Staikouras will take part in the meeting of the Eurozone Finance Ministers, in which the latest economic developments and the prospects for the single currency zone will be discussed, following presentations by the European Commission and the European Central Bank (ECB).
In addition, the general picture resulting from the draft budgets submitted by the member states will be put on the discussion table, an issue on which the Ministers are expected to return in December. The future of fiscal policy coordination in the Eurozone will also be examined.
The agenda of the meeting also includes the measures taken at national level to mitigate the impact of high energy prices on vulnerable households and businesses.
Finally, the Eurozone Finance Ministers will discuss the results of recent international meetings and will be informed by the new Minister of Finance of Italy, Mr. Giancarlo Giorgetti, about the political priorities of the country’s new Government.
Banking union
The Eurogroup will also meet as a banking union, in order to exchange views with the President of the Supervisory Board of the European Central Bank (ECB), Mr. Andrea Enria, and the President of the Single Resolution Board, Ms. Elke König regarding developments, challenges and opportunities in the banking sector in the current economic, geopolitical and financial environment.
Tomorrow, Tuesday, Mr. Staikouras will participate in the Ecofin meeting, which will discuss the implementation of the Basel III regulation, a set of reform measures aimed at strengthening the resilience of the European Union’s banking sector, as well as improving supervision and risk management.
The effects of war
In addition, the economic and fiscal implications of the Russian aggression against Ukraine are expected to be discussed and political directions may be given regarding the operational implementation of regular financial assistance to Ukraine.
Also, the agenda of the session includes a discussion on the taxation of heavy goods vehicles, an account of the implementation of the Recovery and Resilience Mechanism (RRF), as well as an update from the Presidency on the progress of the legislative proposals under consideration in the financial services sector.
Finally, the President of the European Fiscal Council will present the ESI Annual Report for 2022, while the European Commission will brief Finance Ministers on the implications for the European Union of the new US deflation law.
On the sidelines of Ecofin, a macro-economic dialogue meeting with the social partners will take place, with energy prices as a central theme. Meanwhile, tomorrow, Tuesday, there will be a ministerial dialogue between the European Union and the European Free Trade Area (EFTA) on energy prices and inflation in the context of the current geopolitical situation.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted