{"id":79131,"date":"2021-09-14T03:00:33","date_gmt":"2021-09-14T01:00:33","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=79131"},"modified":"2021-09-13T13:48:17","modified_gmt":"2021-09-13T11:48:17","slug":"eurogroup-meeting-and-main-results","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/eurogroup-meeting-and-main-results\/","title":{"rendered":"Eurogroup, meeting and main results."},"content":{"rendered":"
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During the Slovenian Presidency of the Council of the European Union, held on 10-11 September ,the Ministry of Finance organised an Informal Meeting of Ministers for Economic and Financial Affairs.<\/p>\n

This was a traditional meeting of ministers for economic and financial affairs, where the ministers\u00a0 joined by the governors of national central banks and other participants to exchange views on ongoing affairs related to the economic and financial fields.<\/p>\n

On the first day of the meeting, 10 September, two working sessions were held. The first session was dedicated to the regulation of the financial sector and the balance between financial stability and sustainable financing of the economy. The second working session was focused on the options for channeling IMF special drawing rights to vulnerable countries. Central bank governors\u00a0 also joined the ministers on the first day of the meeting.<\/p>\n

The second day of the meeting, 11 September, featured two working sessions. At the first working session, the ministers discusses simulations of fiscal scenarios to ensure a resilient recovery and sufficient space for future investment. The second working session\u00a0 devoted to a discussion on the future of taxation.<\/p>\n

Main results<\/h3>\n

Economic situation in the euro area<\/h3>\n

The director of the European Centre for Disease Control (ECDC), Andrea Ammon, updated the Eurogroup on the COVID-19 epidemiological situation. Ministers followed up with a discussion on the economic situation and exchanged views with the chair of the European Parliament’s committee on economic and monetary affairs, Irene Tinagli.<\/p>\n

\"Paschal<\/p>\n

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“Our efforts are feeding improved euro area growth prospects that matter for the EU citizens, their jobs and their income. The decisions of the European Central Bank, the work of the Commission, combined with the coordination of the Eurogroup, are making a difference in the improved prospects that our different institutions are now communicating.”<\/em><\/p>\n

Paschal Donohoe, President of the Eurogroup<\/cite><\/em><\/div>\n<\/blockquote>\n

Euro area: managing the uneven impact of COVID-19<\/h3>\n

The Eurogroup discussed the lessons learned from the uneven impact of COVID-19 across economic sectors and regions. Ministers focused on the\u00a0implications of the pandemic in the medium-term<\/strong>\u00a0in terms of policy actions necessary to avoid divergences.<\/p>\n

The discussion was supported by a note prepared by the European Commission on the issue of convergence in the euro area.<\/p>\n