Video conference of the Eurogroup, 3 November 2020

Summary:

The Eurogroup held a meeting via videoconference on 3 November 2020. It met in its regular format as well as in its inclusive format, and in a new Banking Union format. The agenda included the following items:

• Briefing by the ECDC Director on the evolution of the COVID-19 (coronavirus) pandemic;
• Exchange of views with the chair of the European Parliament's ECON committee on the economic developments and policy challenges facing the Eurozone;
• Adoption of statement on COVID-19 developments;
• Discussion on the benefits and challenges of a potential introduction of a digital euro;
• Presentation by the chair of the ECB Supervisory Board on the supervisory tasks carried out since its last report;
• Presentation by the chair of the SRB on the Board's latest activities with a focus on the response to the COVID-19 crisis;
• Update on the implementation of the COVID-19 safety nets agreed at a previous videoconference:
  • SURE Programme;
  • Pan-European Guarantee Fund;
  • ESM Pandemic Crisis Support credit line.

Official

Eurogroup: Remarks by Paschal Donohoe following the Eurogroup video conference of 3 November 2020 https://www.consilium.europa.eu/en/press/press-releases/2020/11/03/remarks-by-paschal-donohoe-following-the-eurogroup-video-conference-of-3-november-2020/

European Commission: Remarks by Commissioner Gentiloni at the Eurogroup press conference (3 November 2020) https://ec.europa.eu/commission/presscorner/detail/en/speech_20_2028

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