The Chancellor of the Exchequer (Mr George Osborne)
The Economic and Financial Affairs Council will be held in Brussels on 15 March 2011. The following items are on the agenda:
Economic Governance
Ministers will be asked to reach agreement on a package of legislative measures intended to strengthen economic governance in the EU, particularly the euro area, to address the challenges of the sovereign debt crisis, while fully respecting the provisions in the UK’s protocol to the treaty.
Climate Finance
Ministers will adopt Council conclusions on climate finance. The conclusions welcome and reaffirm the commitments on climate finance agreed at the UN negotiations in December 2010. The Government support these conclusions.
Stability and Growth Pact Implementation
Ministers will exchange views on the latest fiscal plans provided by Hungary and Poland in the context of their excessive deficit procedures (EDP). No formal conclusions are foreseen on this item.