{"id":85747,"date":"2021-11-15T03:00:00","date_gmt":"2021-11-15T02:00:00","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=85747"},"modified":"2021-11-15T08:41:43","modified_gmt":"2021-11-15T07:41:43","slug":"que-es-el-consejo-de-asuntoswhat-is-the-economic-and-financial-affairs-council-ecofinonomicos-y-financieros-ecofin","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/que-es-el-consejo-de-asuntoswhat-is-the-economic-and-financial-affairs-council-ecofinonomicos-y-financieros-ecofin\/","title":{"rendered":"\u00bfWhat is the Economic and Financial Affairs Council (Ecofin)?"},"content":{"rendered":"<p><a href=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2021\/11\/4f1659fe-ae9b-49d0-b8a2-e4e45cd59d94.jpg\"><img decoding=\"async\" class=\"wp-image-85744 aligncenter\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2021\/11\/4f1659fe-ae9b-49d0-b8a2-e4e45cd59d94.jpg\" alt=\"\" width=\"586\" height=\"382\" srcset=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2021\/11\/4f1659fe-ae9b-49d0-b8a2-e4e45cd59d94.jpg 1200w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2021\/11\/4f1659fe-ae9b-49d0-b8a2-e4e45cd59d94-300x196.jpg 300w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2021\/11\/4f1659fe-ae9b-49d0-b8a2-e4e45cd59d94-1024x667.jpg 1024w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2021\/11\/4f1659fe-ae9b-49d0-b8a2-e4e45cd59d94-768x500.jpg 768w\" sizes=\"(max-width: 586px) 100vw, 586px\" \/><\/a><\/p>\n<p><strong>The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy in three main areas: economic policy, taxation\u00a0 issues and the regulation of financial services.<\/strong><\/p>\n<h3>How does Ecofin work?<\/h3>\n<p>The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings.<\/p>\n<p>There are also specific Ecofin sessions, attended by national budget ministers and the European Commissioner for financial programming and budget, to prepare the EU&#8217;s annual budget.<\/p>\n<p>Ecofin\u00a0meetings generally take place once a month.<\/p>\n<h3>About economic and financial affairs policy<\/h3>\n<div class=\"floated-right well\">\n<h3>Eurogroup<\/h3>\n<\/div>\n<p>The Economic and Financial Affairs Council, commonly known as the Ecofin Council, is responsible for:<\/p>\n<ul>\n<li>economic policy<\/li>\n<li>taxation matters<\/li>\n<li>financial markets and capital movements<\/li>\n<li>economic relations with countries outside the EU<\/li>\n<\/ul>\n<p>It also prepares the <a href=\"https:\/\/www.cde.ual.es\/ficha\/the-european-commissions-key-messages-on-the-eu-budget-2020-discharge\/\">EU&#8217;s annual budget<\/a>\u00a0and takes care of the legal and practical aspects of the single currency, the euro.<\/p>\n<p>The Ecofin Council:<\/p>\n<ul>\n<li>coordinates member states&#8217; economic policies<\/li>\n<li>furthers the convergence of their economic performance<\/li>\n<li>monitors their budgetary policies<\/li>\n<\/ul>\n<p>It also coordinates EU positions for international meetings, such as the G20, the International Monetary Fund and the World Bank. It is also responsible for the financial aspects of international negotiations on measures to tackle climate change.<\/p>\n<h3>Slovenia&#8217;s presidency priorities and programme<\/h3>\n<p>During their presidency, in the second half of 2021, Slovenia will strive to actively contribute to strengthening the EU&#8217;s resilience to health, economic, energy, climate and cyber crises. The presidency programme focuses on four main priority areas, which are in line with the goals of the EU\u2019s strategic agenda:<\/p>\n<ul>\n<li>the EU&#8217;s recovery, resilience and strategic autonomy<\/li>\n<li>a reflection on the future of Europe<\/li>\n<li>the European way of life, the rule of law and European values<\/li>\n<li>increasing security and stability in the European neighbourhood<\/li>\n<\/ul>\n<p>For more details on the priorities of Slovenia&#8217;s presidency in each policy area, please consult the full programme:<\/p>\n<ul class=\"council-link-list padding-bottom-20\">\n<li><a class=\"link-external\" title=\"External link - Slovenia's presidency programme\" href=\"https:\/\/slovenian-presidency.consilium.europa.eu\/en\/programme\/the-programme-of-the-slovenian-presidency-of-the-council-of-the-european-union\/\">Slovenia&#8217;s presidency programme<\/a><\/li>\n<\/ul>\n<h3>More information:<\/h3>\n<aside class=\"well\" aria-labelledby=\"next_meetings_section\"><\/aside>\n<p><a href=\"https:\/\/www.consilium.europa.eu\/en\/council-eu\/configurations\/ecofin\/\">European Council<\/a><\/p>\n<p><a class=\"link-external\" title=\"Enlace externo - M\u00e1s informaci\u00f3n sobre el Eurogrupo\" href=\"https:\/\/www.cde.ual.es\/en\/eurogroup-meeting-and-main-results\/\" data-di-id=\"di-id-6d2bd56a-b6fc6b2\">\u00a0Eurogrupo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy in three main areas: economic policy, taxation\u00a0 issues and the regulation of financial services. How does Ecofin work? The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings. There are [&hellip;]<\/p>\n","protected":false},"author":101011,"featured_media":85745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4090,346,4088],"tags":[4556,488,1636,4558,4557],"class_list":{"0":"post-85747","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-finance","8":"category-eu-news","9":"category-market","10":"tag-economic-affairs-council","11":"tag-economy","12":"tag-finance","13":"tag-finance-council","14":"tag-fiscal-affairs","15":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>\u00bfWhat is the Economic and Financial Affairs Council (Ecofin)? | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/en\/que-es-el-consejo-de-asuntoswhat-is-the-economic-and-financial-affairs-council-ecofinonomicos-y-financieros-ecofin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u00bfWhat is the Economic and Financial Affairs Council (Ecofin)? | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy in three main areas: economic policy, taxation\u00a0 issues and the regulation of financial services. How does Ecofin work? The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings. 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How does Ecofin work? The Ecofin Council is made up of the economic and finance ministers from all member states. Relevant European Commissioners also participate in meetings. 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