Translation of "Rat für wirtschaft und finanzen" in English

On 12 November I presented the annual reports to the Committee on Budgetary Control of the European Parliament, and the following day I presented them to the Economic and Financial Affairs Council.

For this session of the European Council, ECOFIN has prepared an interim report on the situation on the financial markets, and I would like to say something more on that subject.

Would a country that leaves the EMU be given a diminished role in EcoFin, the European Economic and Financial Affairs Council?

On the European stage, he presides the Ecofin Council under the 1991 Luxembourg Presidency of the Council of the European Union, and saves the negociations for an Economic and Monetary Union during an informal meeting of the 12 Ministers of Finance in Luxembourg, where he proposes the principle of opting-out for the United Kingdom.

The Commission urges the Ecofin Council to adopt as a priority the Proposal for a Directive on an energy product tax.

The Court found that when granting MFA assistance the Commission did not always respect the five policy principles agreed by the ECOFIN Council in 1995.

This coincides with the ECOFIN-Council on 13 December setting out its position on two further legislative proposals on the way towards a banking union, aimed at establishing a single supervisory mechanism for the oversight of credit institutions.

At the same time, in its second submission to the Convention, the Commission proposed that the future constitutional Treaty should create a formal decision-making body for the Member States which are part of the euro zone which would funtion as the “Economic and Financial eurozone Council”.

At the request of the Cologne European Council, the Commission presents semi-annual progress reports to the Ecofin Council.

And yet it is high time, ladies and gentlemen, that we stopped living from hand to mouth, muddling along, putting off an ever increasing number of difficulties to another day.

Other improvements in the area of shortterm statistics should materialise from the closer monitoring of the existing Regulation on shortterm business statistics and its proposed amendments.

If we want to revitalize the world economy we should be setting an example by abandoning our agricultural protectionism in the way that Britain did in the 19th century and in the way that much maligned New Zealand has done recently by abandoning all of its agricultural price sup ports and protectionism.

This Community strategy is defined in a Commission communication which will be considered both by the Ministers responsible for energy and the environment, at a joint Council on 13 December 1991, and by the Ministers for Finance at the ECOFIN Council on 16 December 1991.

However, the rapporteur - and I have had the support of Parliament in this - does feel that during the drafting process a number of important elements have been removed from the Commission's intentions.

If you have not heard the most recent news to emerge during the last two hours, agreement was reached at lunchtime today at the Ecofin meeting.

The mid-term review will be carried out during the first half of 1997, on the basis of interim evaluation results and with the aim of increasing the effectiveness and impact of measures in order to underpin the evolving European employment strategy.

It also welcomed die sig­nificant progress achieved in respect of the applicadons by Cyprus and Malta for accession to the Union.

The Commission's findings, together with the measures which it takes under Article 92 et seq., could be communicated to the Council of Ministers for Economic and Financial Affairs, which was made responsible for the coordination of policy in this field by the decision on convergence taken in 1974. At its regular meetings

As the chair of the Economic and Financial Affairs Council, or ECOFIN, Germany will assume special responsibility for cooperation on European economic and financial policy that is as smooth and effective as possible.

The Economic and Financial Affairs Council, also known as the ECOFIN council, is composed of the economics and finance ministers of the European Union Member States.

Event date: 10.12.2013 The Economic and Financial Affairs Council (ECOFIN) covers EU policy in a number of areas including: economic policy coordination and economic surveillance, monitoring of Member States' budgetary policy and public finances, the euro (legal, practical and international aspects), financial markets and capital movements and economic relations with third countries.