Eurogroup and ECOFIN meetings, 5 and 6 November 2018

Vice-President Dombrovskis and Commissioner Moscovici will represent the Commission at today’s Eurogroup meeting. The Eurogroup meeting will discuss the ongoing assessment of euro area Member States’ draft budgetary plans for 2019, including the Opinion issued by the Commission on Italy’s draft budgetary plan.

The Eurogroup will be presented with an account of the recent activities of the ECB Supervisory Board and the Single Resolution Board by the Chair of the European Central Bank’s Supervisory Board, Danièle Nouy, and the Chair of the Single Resolution Board, Elke König. The Eurogroup will then continue in an inclusive format to discuss the state of play of the ongoing work on the deepening of the Economic and Monetary Union (EMU). This will include a discussion on establishing a common backstop for the Single Resolution Fund, roadmap for beginning political discussions on the European Deposit Insurance Scheme (EDIS) and how to enhance the effectiveness of the precautionary tools of the European Stability Mechanism. Commissioner Moscovici will participate in the press conference following the meeting. At tomorrow’s ECOFIN meeting, the Commission will be represented by Vice-President Dombrovskis and Commissioner Moscovici. Ministers will exchange views and discuss progress achieved in the negotiations of the digital services tax proposed by the Commission to make corporate tax rules fit for the digital age. The Court of Auditors will present its annual report on management of the EU budget. The Council is expected to adopt conclusions on the EU statistics and climate finance for the COP24. A press conference with Vice-President Dombrovskis will follow the meeting.