Brussels: Europe and the Arabs
The Eurozone Finance Ministers' meetings will kick off this afternoon in Brussels to discuss macroeconomic developments and coordinate policies in the Eurozone, including the IMF's Article IV mission to the Eurozone.
According to the European Union institutions, the Eurogroup will assess the latest macroeconomic developments and exchange views with the IMF on Eurozone policies. The IMF review is expected to be completed by June 2025.
The ministers will also discuss the assessment of the draft budget plans of the member states and the overall financial situation and prospects in the Eurozone.
The ministers will discuss the overall financial situation and prospects in the Eurozone and review the economic and financial situation of the Eurozone member states.
This discussion is based on the European Commission's views on the draft budget plans of the Eurozone member states and on the Commission's statement on the European Chapter 2025.
The results of this discussion are expected to be reflected in the Eurogroup statement.
Preparing for the Eurogroup President’s engagement with the European Parliament
President Paschal Donohoe will update ministers on his planned engagement with the European Parliament, in line with the new reporting requirements under the revised Economic Governance Framework
As part of a series of exchanges with key international partners on global economic developments, the Eurogroup will hold a discussion with Rachel Reeves, UK Chancellor of the Exchequer.
The European Council of Ministers in Brussels said of the eurozone meeting that the meetings are due to expand to include the remaining EU member state ministers and ministers will be briefed on progress on customs reform. Ministers will hold a political discussion on the review of the Energy Tax Directive. The Commission will present draft Council recommendations in the context of the implementation of the Economic Governance Review. Ministers will consider the Recovery and Resilience Facility (RRF) and the current state of play on the economic and financial impact of Russian aggression in Ukraine. The Council will approve the semi-annual report of the Economic and Financial Affairs Council to the European Council on tax issues.