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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 7 November. EU Finance Ministers will discuss the following items:
European Free Trade Association (EFTA) dialogue
Ministers will have their annual meeting with representatives from the EFTA group of countries, to exchange views on how best to make economic growth inclusive.
Early morning session
The Eurogroup President will brief Ministers on the outcomes of the 6 November meeting of the Eurogroup, and the Commission will provide an update on the current economic situation in the EU. Ministers will also discuss the EU’s common candidate for the position of Secretary-General of the World Customs Organisation.
VAT e-commerce package
Ministers will consider various items which make up the VAT legislative package, including Council regulation.
Review of the European system of financial supervision
The Commission will present to Ministers its legislative proposals on financial supervision, followed by an exchange of views.
Current financial services legislative proposals
The Council presidency will provide an update on current legislative proposals in the field of financial services.
Insolvency
The Commission will present its proposals on resolving existing non-performing loans, preventing the build-up of future non-performing loans and measures to increase the efficiency of the general insolvency framework in member states.
Follow-up to the G20 meeting of Finance Ministers and Central Bank Governors and of the IMF annual meetings in Washington
Minsters will receive information from the presidency and the Commission on the outcomes of the 12 to 15 October G20 and IMF meetings.
European Court of Auditors’ annual report
The president of the Court of Auditors will present the auditors’ report on the implementation of the budget of the European Union for the 2016 financial year.
Statistical package
The Council will discuss the autumn statistical package, review progress achieved and exchange views on the prospects for European co-operation on statistics. Ministers will also be invited to adopt Council conclusions.
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