EPP ECOFIN ministerial meeting – Tuesday November 8, 2022

08. November 2022
EPP Economy and Finance Ministers gathered this morning in Brussels ahead of the ECOFIN Council, to share their work and concerns on specific national measures such as taxes, to support households and businesses as they face high inflation, a decrease in purchasing power, and the energy crisis. Other items on the agenda included updates about the implementation of the Basel III regulation, and the appointment of the new European Stability Mechanism’s Chair. Ministers also discussed positions on the overall economic and financial impact of the war in Ukraine on European economies and additional support to ensure Ukraine’s reconstructions. Exchanges followed about the European Commission’s Economic Governance Review, and the implementation of the Recovery and Resilience Facility. EPP Ministers will discuss the implementation of the RRF during the EU ECOFIN Council today, and look forward to the European Commission’s proposals for EU economic governance expected tomorrow. On the latter, EPP Ministers will aim to discuss a common position in the next weeks. The launch of the US-EU Task Force on the Inflation Reduction Act was discussed, and Ministers agreed the next meeting of the Trade and Technology Council in December will be useful to further address EU concerns.

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For more information contact:

Maïa de la Baume

Spokesperson and Press Director mdlb@epp.eu  

Alexandra Henman

Deputy Spokesperson alh@epp.eu