Economic and Financial Affairs Council, 9 November 2021

Summary:

A meeting of the Economic and Financial Affairs Council (ECOFIN) was held on 9 November 2021. The agenda includes the following items:

• Exchange of views on the EU economy following the COVID-19 (coronavirus) pandemic;
• Discussion on the future of the EU's economic governance framework;
• Discussion on the situation regarding the financing of NextGenerationEU;
• Adoption of conclusions concerning the future of the European Semester in relation to the Recovery and Resilience Facility (RRF);
• Discussion on the increase in energy and consumer prices and the associated policy implications;
• Policy debate on a set of legislative proposals aimed at implementing outstanding Basel III agreements;
• Update by the Council Presidency on existing legislative initiatives concerning financial services;
• Update by the Council Presidency and European Commission on the latest international meetings;
• Presentation by the European Court of Auditors (ECA) on its annual report concerning the implementation of the 2020 EU budget.

• Primary Source

Official

General Secretariat of the Council: Background Brief - Economic and Financial Affairs Council, 9 November 2021 https://www.consilium.europa.eu/media/52768/background-brief-ecofin-9-november_en.pdf

General Secretariat of the Council: Outcome of the Council meeting - Economic and Financial Affairs Council, 9 November 2021 https://www.consilium.europa.eu/media/52800/st13705-en21.pdf

European Commission: Remarks by Executive Vice-President Dombrovskis at the ECOFIN press conference (9 November 2021) https://ec.europa.eu/commission/presscorner/detail/en/speech_21_5889

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