Economic and Financial Affairs Council
Centre de conférences Kirchberg, Luxembourg
Economy, finance, tax and competition
Council of the EU
As part of the European Semester, the Council will approve recommendations on the 2013 national reform programmes of the member states, a recommendation on the economic policies of the euro area and conclusions on Croatia. The recommendations will be submitted to the European Council meeting on 27-28 June and formally adopted in July.
The Council will discuss excessive deficit procedures , following deficit/debt notifications by the member states in April and the publication by the Commission of its spring economic forecasts. The Council will discuss priorities for boosting the financing of the economy and job creation in the light of a report from the Commission and the EIB, which will be presented to the European Council on 27-28 June.
It is expected to adopt a recommendation of the euro area member states on a Commission proposal on adoption of the euro by Latvia ; it will approve the text of a letter to be sent by its president to the European Council, which will discuss the issue on 27-28 June.
The Council will be called on to reach a political agreement on two measures to tackle VAT fraud: the quick reaction mechanism and reverse charge mechanism.
It will be called on to agree on a key element of the banking union by establishing a general approach on a draft directive on banking recovery and resolution.
A Presidency briefing, agenda and background note will be published on the Council website closer to the date of the meeting.