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The Chief Secretary to the Treasury (Elizabeth Truss)
A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 11 July 2017. The UK will be represented by Sir Tim Barrow, Permanent Representative of the United Kingdom to the European Union. European Finance Ministers will discuss the following items:
Early morning session
The Eurogroup President will brief Ministers on the outcomes of the 10 July meeting of the Eurogroup, and Ministers will discuss the current economic situation.
Current financial service legislative proposals
The Council presidency will provide an update on current legislative proposals in the field of financial services.
Mandatory disclosure rules
The Commission will give a presentation on the proposal for a Council directive amending directive regarding the mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements.
Presentation of the work programme of the Estonian presidency
The new Estonian presidency of the Council of the European Union will present its work programme for the next six-month period. The Council will exchange views on the work programme.
Commission mid-term review of the capital markets union action plan
The Council will be asked to endorse Council conclusions on the mid-term review of the capital markets union action plan.
Non-performing loans
ECOFIN will hold an exchange of views on policy responses to the non-performing loans situation. The Council will also be asked to endorse Council conclusions.
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