04/04/2022 09:04
Cyprus` Finance Minister Constantinos Petrides is in Luxembourg to take part in the Eurogroup and Ecofin meetings to be held from 4-5 April.
The Ministers will discuss economic developments resulting from the Russian military aggression in Ukraine.
Monitoring and assessing these fast-moving developments is crucial for Eurogroup’s coordination of economic policies and promotion of the conditions for stronger economic growth.
In preparation for the upcoming spring meetings of the World Bank Group and the International Monetary Fund, ministers will look into the global economic developments, risks and policy challenges, and will take stock of exchange rate developments over the past months.
Based on input from the ECB and the Commission, ministers will discuss privacy considerations related to a digital euro and how they relate to other policy objectives, such as preventing money laundering, illicit financing and tax evasion.
Ministers will hold a thematic discussion on housing market developments, focused on housing affordability issues.
The discussion will take place in the context of the rising housing prices that has been taking place over the last years in the euro area.
At the Ecofin meeting, Ministers will have a policy debate on the proposal to transpose into EU law the global agreement reached at OECD level according to which large multinational corporations may not pay less than 15% taxes anywhere in the world. They will aim to reach a Council position on the proposal.
Economy and finance ministers will discuss about the economic and financial consequences following the sanctions imposed on Russia after its military aggression against Ukraine.
Ministers will hold an exchange of views on the implementation of the Council conclusions on reinforcing the European financial architecture for development (EFAD), taking the example of action in response to needs expressed by Ukraine.