The annual ECOFIN-EFTA meeting focused on economic growth and investments

EFTA economic and finance ministers and ECOFIN ministers held their annual meeting in the 8 November 2016, to discuss economic, financial and political items of common interest. In the context of the moderate economic recovery in Europe, they focused their discussion on the appropriate policy strategy to strengthen economic growth and employment, with an emphasis on boosting subdued investments across the continent.

The ministers also recognised the significant level of interdependence between the EU and EFTA economies. An economic downturn in one group of countries can have an immediate knock-on effect on other parts of Europe. The EU and EFTA therefore don't see each other as "third" countries, but as neighbours with the same important economic challenges and priorities. Brexit only provides more impetus to that agenda.

• Primary Source

ESO: Background information: Economic and Financial Affairs Council, 8 November 2016 http://www.europeansources.info/record/economic-and-financial-affairs-council-8-november-2016/

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