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Agenda highlights of the EU Economic and Financial Affairs Council, 9 November 2023
09 November 2023
Economic governance review
The Council will discuss the proposed reform of the economic governance framework.
The EU’s economic governance framework is a set of common rules for national fiscal and economic policies which apply to all member states. They serve to ensure the sustainability of public finances and promote convergence while addressing macroeconomic imbalances.
The reform consist of three proposals:
a regulation on the effective coordination of economic policies and multilateral budgetary surveillance
a regulation on speeding up and clarifying the implementation of the excessive deficit procedure
a directive on requirements for budgetary frameworks of the member states
Economic governance framework (background information)
Russia’s aggression against Ukraine
Ministers will exchange views on the state of play of the economic and financial impact of Russia’s aggression against Ukraine.
EU solidarity with Ukraine (background information)
EU response to Russia’s invasion of Ukraine (background information)
Recovery and Resilience Facility
Ministers will exchange views on the state of play of the implementation of the Recovery and Resilience Facility (RRF).
The Council will adopt implementing decisions approving modified recovery and resilience plans, submitted by some member states.
During 2023, it is expected that gradually each of the 27 member states will submit amendments to their national recovery and resilience plans at least once, to access the new REPowerEU grants, to request available loans, or to take into account the updated RRF allocation.
A recovery plan for Europe (background information)
REPowerEU: energy policy in EU countries’ recovery and resilience plans (background information)
Infographic – The REPowerEU plan explained: See full infographic
European Semester
The Council will exchange views on the lessons learnt and on the way forward regarding the European Semester process.
The European Semester explained (background information)
Timeline: the 2023 exercise (background information)
EU statistics
The Council will approve conclusions on EU statistics.
Annual reporting
Ministers will exchange views on the 2023 annual report of the European Fiscal Board (EFB) in the presence of the EFB Chair, Niels Thygesen.
The President of the European Court of Auditors will present the annual report on the implementation of the budget for the financial year 2022.
Financial services
The Presidency will present the state of play of financial services legislative proposals.
Digital finance (background information)
Capital markets union (background information)
Meeting information
Meeting n°3980
Brussels
9 November 2023
Preparatory documents
Details
- Date:
- 09 November 2023
- Event Categories:
- EU Council, EVENT, IEU AGENDA
- Event Tags:
- Economic governance review, EU Economic and Financial Affairs Council, EU statistics, European Semester, financial services, Recovery and Resilience Facility, Russia’s Aggression Against Ukraine
Venue
- EU Council, Brussels
-
Rue de la Loi/Wetstraat 175
Brussels, B-1048 Belgium + Google Map - Phone
- +32 22816111
- View Venue Website
Organizer
- EU Council
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