Informal ECOFIN

George Osborne Excerpts

Thursday 17th September 2015 Written Statements

[The First Secretary of State and Chancellor of the Exchequer (Mr George Osborne)]

An informal meeting of the Economic and Financial Affairs Council was held in Luxembourg on 11 and 12 September 2015. Ministers discussed the following items:

Implementation of the investment plan for Europe

Ministers discussed the implementation of the investment plan for Europe, following a presentation by the Commission and the president of the European Investment Bank.

Climate finance

Ministers held an exchange of views on climate finance on the basis of a presidency note and presentations from Bruegel and the European Investment Bank.

Minimum effective level of taxation

On the basis of a presidency note, Ministers discussed key issues on tackling tax avoidance, including in relation to a minimum effective level of taxation in the EU and to third countries.

Five presidents report: deepening of economic and monetary union

The presidency introduced their note on deepening of economic and monetary union, which formed the basis of discussion among Ministers on the way forward. Statements were made by representatives of Eurogroup, the European Central Bank, the European Commission, European Parliament and Economic and Financial Committee.

SRF bridge financing

In the final session, Ministers discussed possible ways forward with regard to SRF bridge financing.

[HCWS212]