Meeting of Eurozone Finance Ministers to Discuss the Resilience of the Banking System, the Competitiveness of the Economy and the Future of the Financial Markets Union
- Europe and Arabs
- Sunday , 3 November 2024 6:59 AM GMT
Brussels: Europe and the Arabs
Tomorrow afternoon, Monday, the meetings of the finance ministers of the eurozone countries that deal with the single European currency will begin in Brussels. According to what was issued by the European Ministerial Council, the agenda of discussions includes many files, including:
Macroeconomic developments and assessment after international meetings
The Eurogroup will assess the latest macroeconomic developments and expectations, including inflation developments, and will listen to discussions at the annual meetings of the International Monetary Fund and the World Bank in Washington, DC. The annual meetings held during the period October 21-26, 2024
Report on the banking union:
The ministers of the countries participating in the banking union will listen to the heads of the single supervisory mechanism and the single decision council as part of their semi-annual reports.
On this basis, the ministers will address the state of play in the banking system in the eurozone and the main challenges ahead.
The ministers will also discuss what remains to be done to enhance the resilience of the banking system.
Pillar 1: Single Supervisory Mechanism
Pillar 2: Single Decision Mechanism
In general:
Euro area competitiveness – finalisation of the work stream
Ministers will discuss the competitiveness of the European economy, with a view to agreeing and adopting a formal statement.
Capital Markets Union
Ministers will continue to follow up on the implementation of the Eurogroup Statement in a comprehensive format on the future of the Capital Markets Union, in line with the high-level roadmap adopted in May.
Ministers will also discuss how best to regularly assess the performance of European capital markets and monitor progress on EU and national measures
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