Eurogroup meeting to be held today

European Central Bank's Executive Board nominations are expected to be discussed

Photo: EPA EU Commission Vice-President for the Euro and Social Dialogue Valdis Dombrovskis

Vice-President of the European Commission Valdis Dombrovskis, Commissioner Guenther Oettinger and Commissioner Pierre Moscovici will represent the Commission at today's Eurogroup meeting. The Eurogroup will ouline the main findings of the Commission's post-programme surveillance missions to Ireland and Portugal and will discuss the economic outlook for the euro area on the basis of the Commission's Winter 2019 Economic Forecast.

Ministers will also hold an exchange of views on the nomination for the upcoming vacancy on the Executive Board of the European Central Bank. The Eurogroup will then continue in an inclusive format, where Commissioner Oettinger will join the meeting to discuss the deepening of the Economic and Monetary Union, following up on the December 2018 Euro Summit. 

Meanwhile, at tomorrow's ECOFIN meeting, the Commission will be again represented by Dombrovskis, Oettinger and  Moscovici. During the talks ministers are expected to confirm the Council's general approach on the review of the EU's existing architecture of financial supervision, including anti-money laundering related measures, a key initiative for the Capital Markets Union, which the Commission proposed in September 2017 and complemented in September 2018. The Council will also discuss the Commission's recent initiative seeking to launch the debate on a gradual transition to more efficient and democratic decision-making in EU tax policy.

Ministers are also expected to agree conclusions on the Commission's fiscal sustainability report for 2018. The Council may as well issue a recommendation on the nomination of a new member of the European Central Bank's Executive Board depending on the outcome of Monday's Eurogroup. 

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