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Stability, Jobs and Growth centre stage at informal meeting of EU Finance Ministers

11.04.2013, 11:00 GMT


The agenda for the informal ECOFIN picks up on the key theme of the Irish Presidency ‘Stability, Jobs and Growth.’Key items on the agenda include a discussion on the future shape of the banking union, economic and financial stability of the EU and financing options for long term economic growth.

The two day informal meeting of the ECOFIN Council (EU Economic and Finance Ministers), the key finance and economic event of the Irish Presidency of the European Union, will take place in Dublin Castle on the 12th and 13th of April. The informal is preceded by a meeting of the Eurogroup on the morning of Friday the 12th of April.

Irish Finance Minister Michael Noonan T.D. will chair the informal meeting which brings together Ministers and Central Bank Governors from all the EU Member States and Croatia and representatives of European Institutions.

This meeting is an excellent opportunity for the Irish Presidency to promote stability, jobs and growth in the EU across a range of key dossiers. In terms of achieving stability across the European Union, Minister Noonan with the support of two external speakers will chair a discussion on the future of banking union, a key Presidency priority.

Minister Noonan stated- “The Informal ECOFIN is the key event of Ireland’s Presidency of the EcoFin Council. A key priority will be a debate on measures to support economic growth, including a discussion on alternative sources of funding for investment.We hope to build upon the progress already made on the issue of banking union during the first half of the Irish Presidency”

The Irish Presidency has so far achieved substantial progress on ECOFIN priorities such as on the ‘Two-Pack’ economic governance measures and on bankers pay.

On Saturday, Minister Noonan will chair a discussion on the financing options for long term economic growth. Ministers will also discuss the extension of maturities on EFSM for Ireland and Portugal.

There will also be broad discussions on tax havens and on the pilot initiative to introduce a type of EU US FACTA to exchange tax information by Germany, France, UK, Spain and Italy.


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Contacts

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Paul Bolger, Presidency Spokesperson for Department of Finance

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Deirdre Farrell, Press Spokesperson - Coreper II

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