Finance Minister Constantinos Petrides will be in Brussels today and tomorrow to participate in the Eurogroup and Ecofin meetings.
In particular, at tomorrow's Eurogroup meeting in enlarged format, ministers will exchange views on macroeconomic developments and prospects, with an emphasis on coordinating efforts to address high energy prices and inflationary pressures.
The Eurogroup will also meet tomorrow in euro area format, where the overall picture of Member States' budgets and the economic outlook for the euro area will be discussed. This will be followed by a first exchange of views on the euro area economic policy recommendations prepared by the European Commission for the European Council.
This will be followed by a discussion of the European Commission's communication on guidelines for reforming the European Union's economic governance framework, as well as the post-programme surveillance reports of Cyprus, Ireland, Portugal and Spain.
The Eurogroup will also discuss Greece's first Post-Programme Surveillance Report and on the basis of the Report is expected to decide whether the necessary conditions exist to confirm the release of the eighth and final tranche of Greek debt relief measures linked to the implementation of specific policies. At the end of the discussion, the Eurogroup will adopt a statement.
Finally, euro area finance ministers will exchange views on the Eurogroup's work programme for the first half of 2023 and proceed to the election of the Eurogroup president.
The finance minister will also take part tomorrow in the meeting of the Board of Governors of the European Stability Mechanism (ESM).
On Tuesday, ministers will discuss in Ecofin the state of implementation of the Recovery and Resilience Fund and Hungary's Recovery and Resilience Plan, as well as the European Commission's proposal for a Council implementing decision on measures to protect the EU budget against breaches of the rule of law in Hungary.
The Council will also discuss financial support to Ukraine, the directive on ensuring a worldwide minimum level of taxation of multinational groups in the European Union, the EU budget for 2023, the revision of the Union's economic governance framework, the revision of the energy taxation directive and the progress of legislative proposals on financial services.
(NG/SX)
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