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The Chancellor of the Exchequer (Mr Philip Hammond)
A meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 4 December 2018. The Council will discuss the following:
Early morning session
The Eurogroup President will brief the Council on the outcomes of the 3 December meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU. Following this, the Commission will present its forthcoming communication on the international role of the euro, and the Council will exchange views on the European Investment Bank as a follow up to September informal ECOFIN in Vienna.
Digital services tax
The Council will be invited to agree a general approach on the digital services tax directive.
Strengthening of the banking union
The Council will be invited to endorse the results of the trilogue with regards to the banking package. The Austrian presidency will then present a progress report on the European deposit insurance scheme.
Current financial services legislative proposals
The Austrian presidency will provide an update on current legislative proposals in the field of financial services.
European semester 2019
The Commission will present the annual growth survey 2019, the alert mechanism report 2019 and their recommendation on the economic policy of the euro area, followed by an exchange of views.
Non-performing loans
The Commission will present the third progress report on implementation of the non-performing loans action plan, followed by an exchange of views.
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