According to a post by the Ministry of Finance, Finance Minister Konstantinos Petridis will participate in the meeting on behalf of Cyprus.
According to the agenda as released by the EU Council, eurozone finance ministers will examine the short and medium term impact[/B] of the war in Ukraine on the eurozone, in the context of the coordination of economic policies by the Eurogroup to promote the necessary conditions for stronger economic growth.
Still on the agenda are preparations for the upcoming spring meetings of the World Bank Group and the International Monetary Fund, which will take into account the threat Russia poses to regional security and prosperity, as well as to global economic cooperation, as noted.
Eurozone finance ministers will also discuss the design of the digital euro, in particular the protection of private data and how this principle is linked to the objective of preventing money laundering, illicit finance and tax evasion.
It is expected that there will also be a discussion on developments in the housing market and the provision of affordable housing, given the increase in house prices in recent years.
The Eurogroup will also be briefed on the European Central Bank's supervision of European banks, in particular on the outlook for the banking sector and supervisory activity in the euro area in the context of Russia's invasion of Ukraine, the priorities for European banking supervision and the broader agenda for financial sector regulation. It will also be updated on the recent activities of the Single Resolution Council.
On Tuesday, the finance ministers of all 27 member states will meet in a Finance and Fiscal Affairs Council in Luxembourg to discuss, inter alia, the global minimum level of taxation for large companies.
Source: KYPE
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