Economic and Financial Affairs Council, 19 June 2015

Author (Corporate)
Series Title
Series Details 19.06.15
Publication Date 19/06/2015
Content Type

A meeting of the ECOFIN Council took place in Luxembourg on 19 June 2015.

+ Investment plan: European fund for strategic investments

Ministers will take note of an agreement that the Council of the European Union and the European Parliament reached on 28 April on a regulation on the European fund for strategic investments. The regulation is part of the Investment plan for Europe.

+ European Semester

The Council is expected to approve country-specific recommendations on the member states' economic and fiscal policies, as well as a recommendation on broad economic policy guidelines.

+ Banking and capital markets

The Council will take stock of the implementation of the banking union legislation, and is expected to adopt conclusions on the establishment of a capital markets union. It may also be called on to agree on a proposed reform of banking structures.

+ Taxation

The Council will be called on to agree on a directive on interest and royalty payments, which is intended to prevent corporate tax evasion. The ministers will also discuss a proposal on tax rulings, aimed at improving transparency in the assurances given by member states to companies about how their taxes will be calculated.

The Council may also discuss a directive on VAT vouchers.

+ Other items

The Council is expected to take decisions under the excessive deficit procedure. It will also hold a discussion on further strengthening of the economic governance in the euro area.

Source Link Link to Main Source http://www.consilium.europa.eu/en/meetings/ecofin/2015/06/19/
Related Links
European Commission: DG Communication: RAPID: STATEMENT/15/5237, 19.06.15: Speakings note of Commissioner Jonathan Hill on Bank Structural Reform at ECOFIN meeting http://europa.eu/rapid/press-release_STATEMENT-15-5237_en.htm
Council of the European Union: IP/15/476, 19.06.15: Council conclusions on a Capital Markets Union http://www.consilium.europa.eu/en/press/press-releases/2015/06/19-conclusions-capital-markets-union/
European Commission: DG Communication: RAPID: STATEMENT/15/5238, 19.06.15: Remarks by Vice-President Dombrovskis at the ECOFIN press conference http://europa.eu/rapid/press-release_STATEMENT-15-5238_en.htm

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