Preparation of the Eurogroup and ECOFIN meetings, 10-11 July 2017

 Vice-President Dombrovskis and Commissioner Moscovici will represent the European Commission at today's Eurogroup and tomorrow's ECOFIN meetings. During the Eurogroup, the Commission and the European Central Bank (ECB) will debrief ministers on the main findings of the seventh post-programme surveillance mission to Ireland, discuss the euro area fiscal stance for 2018 and hold a general exchange of views on the deepening of the Economic and Monetary Union, as set out in the Commission's reflection paper.The Commission, represented by Vice-President Dombrovskis and Commissioner Vestager, the ECB Banking Supervision, and the Single Resolution Board will inform euro area ministers about recent developments in the euro area banking sector. Ministers will also discuss national insolvency frameworks and French Economy Minister Bruno Le Maire will present the policy priorities of the new French government. Commissioner Moscovici will represent the Commission at the press conference following the meeting. At Tuesday's ECOFIN meeting, ministers are expected to adopt conclusions on the Mid-term Review of the EU's Capital Markets Union Action Plan, which contains a number of important new initiatives proposed by the Commission to ensure that this reform programme gathers even more momentum. Ministers will also discuss a report on Non-Performing Loans (NPLs) in the banking sector, with a view to adopt conclusions setting out an EU agenda to address this issue across Member States with appropriate measures. The Commission will present its latest tax transparency proposal which introduces new reporting obligations for intermediaries who design and promote tax planning schemes for their clients. The Council is also expected to formally adopt European Semester Country-Specific Recommendations for 2017. Vice-President Dombrovskis will participate in the press conference following the ECOFIN session.


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