Eurogroup meeting, 7 November 2019

Summary:

A meeting of the Eurogroup was held on 7 November 2019. Once again it met in its regular format as well as in its inclusive format. The agenda includes the following items:

• Statement of support to the candidacy of Isabel Schnabel to become a member of the ECB's Executive Board;
• Exchange of views on investment in innovation and research as a means to boost productivity and competitiveness in the Eurozone, including a Discussion Note from Albert Bravo-Biosca and a Technical Note from the European Commission;
• Presentation from the European Commission on the latest Autumn Economic Forecast;
• Presentation from the new Portuguese government on its policy priorities;
• Briefing on the progress made on the legal documents related to the European Stability Mechanism (ESM) treaty, in particular those relating to the common backstop for bank resolution and to the precautionary instruments;
• Presentation from the Chair of the High-Level Working Group on the European Deposit Insurance Scheme (EDIS) on the progress made in the discussions on a roadmap for political negotiations;
• Presentation on the state of play of the technical work on the budgetary instrument for convergence and competitiveness (BICC).

Official

Eurogroup: Remarks by Mário Centeno following the Eurogroup meeting of 7 November 2019 https://www.consilium.europa.eu/en/press/press-releases/2019/11/07/remarks-by-mario-centeno-following-the-eurogroup-meeting-of-7-november-2019/

European Commission: Commissioner Moscovici's introductory remarks at the Eurogroup press conference, 7 November 2019 https://europa.eu/rapid/press-release_SPEECH-19-6239_en.htm

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