Video conference of economics and finance ministers, 6 October 2020

Summary:

EU Ministers responsible for financial and economic matters (ECOFIN) held a videoconference on 6 October 2020. The agenda included the following items:

• Adoption of general approach on proposed Recovery and Resilience Facility (RRF);
• Exchange of views on a package of proposals concerning digital finance;
• Presentation by the European Commission on its Communication setting out a new Action Plan concerning the Capital Markets Union (CMU), followed by an exchange of views;
• Exchange of views on lessons learned from the 2020 cycle of the European Semester;
• Briefing on progress achieved concerning a number of legislative proposals related to financial services;
• Briefing on the next steps following the Eurogroup's support for the candidacy of Frank Elderson to become a member of the Executive Board of the European Central Bank (ECB);
• Update on the preparations for a forthcoming G20 finance ministers' and central banks governors' meeting, as well as for the International Monetary and Financial Committee (IMFC) annual meeting.

Official

General Secretariat of the Council: Background Brief for the Economic and Financial Affairs Council, 6 October 2020 https://www.consilium.europa.eu/media/45936/ecofin-background-brief_en.pdf

European Commission: Remarks by Executive Vice-President Dombrovskis at the ECOFIN press conference (6 October 2020) https://ec.europa.eu/commission/presscorner/detail/en/speech_20_1841

---