Eurogroup and ECOFIN meetings, 8 and 9 July 2019

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Vice-President Dombrovskis, Commissioner Günther H. Oettinger and Commissioner Pierre Moscovici will represent the Commission at today’s Eurogroup and tomorrow’s ECOFIN meetings. Ministers will discuss the budgetary situation in the euro area as a whole, with presentations by the Commission based on its Spring Semester packageand by the European Fiscal Board on its recently published report. Eurogroup ministers will also discuss the third enhanced surveillance report on Greece and will be debriefed on the main findings of the eleventh post-programme surveillance mission to Spain. Ministers will take stock of the outcome of the Commission’s sectoral consultationsand the latest economic analysis from the ECB regarding the international role of the euro. They will also be informed of the Commission’s conclusion in the context of the spring 2019 round of fiscal surveillance for Italy. Ministers will then continue in an inclusive format to follow up on the Euro Summit of June 2019. Leaders invited the Eurogroup in inclusive format to continue working on all the elements of the package on the strengthening of the EMU, as set out in the letter of the President of the Eurogroup of 15 June 2019. Commissioner Pierre Moscovici will participate in the press conference following the meeting. At the ECOFIN meeting tomorrow, the Finnish Council Presidency will present its work programme on economic and financial matters. Ministers will hold a discussion with Commissioner Oettinger on the EU’s own resourcesand new sources of financing in view of the multiannual financial framework package for 2021-2027. The Council will adopt the country-specific recommendations which conclude the European Semester for 2019. Vice-President Dombrovskis will participate in the press conference following the meeting.

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