Economic and Financial Affairs Council, 4 October 2022

Summary:

A meeting of the Economic and Financial Affairs Council (ECOFIN) was held on 4 October 2022. The agenda includes the following items:

• Adoption of general approach on draft Regulation concerning the REPowerEU chapters in recovery and resilience plans (NRRPs);
• Discussion on the role of financial markets regarding high volatility of energy prices and potential policy measures;
• Exchange of views on the economic and financial aspects of Russia's invasion of Ukraine;
• Update on the implementation of the Recovery and Resilience Facility (RRF);
• Adoption of draft Implementing Decision on the approach of Dutch NRRP;
• Update on the EU list of non-cooperative jurisdictions for tax purposes;
• Exchange of views on the fiscal and non-fiscal of EU customs;
• Adoption of conclusions on climate finance ahead of UNFCCC COP27;
• Adoption of EU terms of reference for a forthcoming G20 meeting of finance ministers and central bank governors;
• Adoption of statement to the International Monetary and Financial Committee (IMFC);
• Adoption of draft Daisy Chain Regulation;
• Presentation by the Council Presidency of state of play regarding existing legislative initiatives in the field of financial services;
• Endorsement of draft Digital Services Act (DSA);
• Adoption of draft Directive promoting adequate statutory minimum wages.

• Primary Source

Official

General Secretariat of the Council: Background Brief for the meeting - Economic and Financial Affairs Council, 4 October 2022 https://www.consilium.europa.eu/media/59333/background-note-ecofin-221004.pdf

European Commission: Remarks by Executive Vice-President Dombrovskis at the ECOFIN Press conference (4 October 2022) https://ec.europa.eu/commission/presscorner/detail/en/statement_22_5966

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