Brussels: Europe and the Arabs
The European Union institutions in Brussels announced the agenda for the meeting of finance and economy ministers of member states scheduled for Tuesday in the Belgian capital. They added in a statement that the Council is expected to adopt final legislation paving the way for Bulgaria's accession to the eurozone and the introduction of the euro as its official currency as of January 1, 2026.
Stability and Growth Pact
The Council will be called upon to activate the national exit clause under the Stability and Growth Pact (SGP) to request assistance from member states in facilitating their transition to higher national defense spending while ensuring debt sustainability.
Decisions and recommendations are also expected to be made within the framework of excessive deficit measures.
Finally, the Council will seek to identify the maximum net spending paths included in the medium-term fiscal and structural plans of some member states.
Presidency Work Program
The Danish Presidency will present its priorities and work program in the field of economic and financial affairs. Denmark will hold the Presidency of the Council of the European Union from July to December 2025.
European Semester 2025
The Council will be invited to approve the integrated recommendations for each Member State and the conclusions of the in-depth reviews within the framework of measures to address macroeconomic imbalances.
Single Currency Package
The Council will hold a policy debate on the single currency package based on a Presidency working paper. The package consists of complementary legislative proposals that define the legal framework for the possible introduction of a digital euro and address the status of the euro banknote as legal tender.
Savings and Investment Union
The Commission will be invited to present its proposal on June 17 to amend the EU securitization framework, as part of the Savings and Investment Union. Following this presentation, ministers will hold a preliminary exchange of views on the proposal.
Recovery and Resilience Facility
The Council is expected to adopt implementing decisions approving the amended recovery and resilience plans presented by Member States. The Recovery and Resilience Plans allow Member States to access the EU Recovery and Resilience Fund, a financial support program that contributes to repairing the economic and social damage caused by the COVID-19 pandemic.
Russian Aggression against Ukraine
Ministers will exchange views on the current status of the economic and financial impact of the Russian aggression against Ukraine. This is a recurring item on the agenda of the Economic and Financial Affairs Ministers' meeting.
G20
The Council will seek to agree on the EU's terms of reference in view of the G20 Finance Ministers and Central Bank Governors' meeting scheduled for July 17-18, 2025.
Financial Services
The Presidency will present the current status of legislative proposals related to financial services. This is a recurring item on the agenda of the Economic and Financial Affairs Council.