In Brussels, where he will attend the Eurogroup and Ecofin meetings tomorrow and Tuesday, respectively, today the Minister of National Economy and Finance Kyriakos Pierrakakis is going.

The Eurogroup will be extensively discussing the implementation of the course of Europe’s banking union. In this context, a hearing will be heard by the President of the Supervisory Council of the European Central Bank, which is the responsible body for the supervision of systemic credit institutions in the eurozone. The finance ministers will be informed of the preparation of the annual meeting of the European Stability Mechanism, which will take place in June. In the widespread composition of the Eurogroup, the global economic developments will be discussed, with peaks and key points from the G7 team meetings. Weight will also be given to the progress of the project for the introduction of digital euro.

At the Ecofin meeting on Tuesday, the European Commission’s announcement of the European Commission for the Union of Investment and Investment Union aimed at enhancing the competitiveness, simplification and improvement of the business environment in the European Union will be put on the table.

The finance ministers will exchange views on the funding of European defense and the strengthening of the European Defense Industry, focusing on the Safe regulation, which provides for joint action on defense and security in Europe. Ecofin’s agenda includes a debate on the economic and financial impact of Russia’s aggression against Ukraine.

In addition, the European Commission will be regularly briefed on current legislative proposals on financial services. The Directive on VAT rules on distance sales of imported goods and import VAT will be examined for examination. The agenda is the approval of the amended plans for recovery and durability of Spain, Slovakia, Portugal and the Netherlands.

On the sidelines of the Eurogroup and Ecofin meetings, Mr. Pierrakakis will meet with European officials and counterparts.