Video conference on the Eurogroup, 8 May 2020

The Eurogroup is an informal body where the ministers of the euro area member states discuss matters relating to their shared responsibilities related to the euro.

Tasks

Its main task is to ensure close coordination of economic policies among the euro area member states. It also aims to promote conditions for stronger economic growth.

The Eurogroup is also responsible for preparing the Euro Summit meetings and for their follow-up.

Agenda highlights

Economic situation in the euro area – spring forecast

The Eurogroup will exchange views on the economic situation of the euro area based on the European Commission’s spring forecast. The discussion will inform the Eurogroup’s efforts to tackle the COVID-19 crisis, and prepare the ground for the recovery of the euro area economy.

• Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery (press release, European Commission, May 2020)

COVID-19 – Pandemic Crisis Support

The Eurogroup will discuss the main features of the Pandemic Crisis Support instrument of the European Stability Mechanism. The aim is for the instrument to be operational by 1 June, as indicated by the President of the European Council following the videoconference of the members of the European Council on 23 April.

• Video conference of the members of the European Council, 23 April 2020
• Eurogroup report on the comprehensive economic policy response to the COVID-19 pandemic (press release, 9 April 2020)
• COVID-19 coronavirus outbreak and the EU’s response (background information)
• The EU’s emergency response to the COVID-19 pandemic (infographic)

Portugal: 11th post programme surveillance

The European Commission and the European Central Bank will report on the findings of the 11th post-programme surveillance mission to Portugal (11-13 February 2020).

Post-programme surveillance starts after the end of financial assistance programmes. It takes place twice a year until at least 75% of the funds received have been repaid.

Austria: updated draft budgetary plan

The Eurogroup will discuss the updated draft budgetary plan of Austria for 2020, on the basis of the Commission Opinion issued on 17 April 2020.

• Draft budgetary plans 2020 – Austria (European Commission)

G7 ministerial meeting

The President of the Eurogroup will brief ministers on the outcome of the G7 discussions held on 14 April and 30 April 2020.

More information

Eurogroup meeting