Brussels: Europe and the Arabs
The two-day meetings of the European Economic and Financial Affairs Council at the ministerial level will begin in Brussels this Monday afternoon. The Council will seek to reach a political agreement on the value-added tax in the digital age package. The package consists of three proposals aimed at addressing value-added tax fraud, supporting companies, and promoting digitization.
The meetings will begin this afternoon at the level of finance ministers in the eurozone countries that deal in the single European currency. According to what was issued by the European Ministerial Council, the agenda for today's 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, Ministers will address the state of play in the euro area banking system and the main challenges ahead.

Ministers will also discuss what remains to be done to strengthen the resilience of the banking system.

Pillar 1: Single Supervisory Mechanism

Pillar 2: Single Decision Mechanism
In general:
Euro area competitiveness – finalising 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