Preparation of the Eurogroup and ECOFIN meetings, 6-7 November 2017

Vice-President Dombrovskis and Commissioner Moscovici will represent the European Commission at today’s Eurogroup. The ministers will hear from Danièle Nouy, Chair of the European Central Bank’s Supervisory Board, on banking supervision activities since last Apriland from Elke Koenig, Chair of the Single Resolution Board (SRB), on the SRB’s ongoing activities and how the Single Resolution Fund (SRF) is being built up. Ministers will also hold a thematic discussion on jobs and growth, in particular investment into human capital with a focus on public spending in education. Continuing the meeting in an “inclusive format” open to 27 Member States, Eurogroup ministers will then discuss the possible steps towards the completion of the Banking Union as well as EU fiscal rules and future fiscal governance in the euro area. Here, the Commission will inform ministers of the main elements of its recent Communication on completing the Banking Union. Commissioner Moscovici will participate in the press conference following the meeting. At tomorrow’s ECOFIN meetings, Vice-President Dombrovskis, Commissioner Oettinger, Commissioner Thyssen, Commissioner Moscovici, as well as Commissioner Jourová will represent the European Commission. Ministers will discuss the Commission’s proposals to make life easier when it comes to VAT for businesses that sell goods online. Ministers will also take stock of the state of play of the common EU list of non-cooperative tax jurisdictions, which should be agreed and published by the end of this year. On the financial services front, the Commission will present its plans to reform the EU’s financial supervisory architecture and will inform ministers of the progress in the negotiations for new European rules on business insolvency.The European Court of Auditors will present its 2016 Annual Report on the management of the EU budget, which Commissioner Oettinger will attend. Commissioner Thyssen will attend the meeting for the adoption of Council conclusions on EU Statistics andCommissioner Jourová will participate inthe meeting on the proposal on insolvency, restructuring and second chance. The Presidency and the Commission will report on the Washington G20 and International Monetary Fund (IMF) meetings. Vice-President Dombrovskis will participate in the press conference following the ECOFIN.