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    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – Focus on Growth and the EMU by the fourth panel

    Under the Luxembourg Presidency of the Council of the European Union, on 9 and 10 November 2015, in Luxembourg, the Chamber of Deputies held an Interparliamentary Conference on Stability, Economic Coordination and Governance in the European Union, as provided for by Article 13 of the Treaty on Stability, Coordination and Governance (TSCG). Growth and the economic and monetary union (EMU) were the focus of the conference's fourth panel.

    • Council Meeting · News articles
    • Economic and Financial Affairs
    ECOFIN Council – Ministers agree on the bridge financing for the Single Resolution Fund within the context of a Banking Union

    European Union (EU) Economy and Finance Ministers met in Brussels on 10 November 2015 for the "Economic and Financial Affairs" (ECONFIN) Council, chaired by the Minister for Finance, Pierre Gramegna. During this meeting, the Council adopted conclusions on financing the fight against climate change, with a view to the climate conference in Paris, and also on the European Commission's action plan aimed at creating a Capital Markets Union. In the Banking Union dossier, ministers agreed on the bridge financing for the Single Resolution Fund, opening the way for the functioning of the fund from 1 January 2016.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – Fair tax competition at the heart of the third round table

    Under the Luxembourg Presidency of the Council of the European Union, the Chamber of Deputies held an Interparliamentary Conference on Stability, Economic Coordination and Governance in the European Union on 9 and 10 November 2015 in Luxembourg. The third round table was devoted to fair tax competition within the European Union (UE), one year after the revelations of the LuxLeaks affair and as ministers agreed on the automatic exchange of tax rulings during the ECOFIN Council of 6 October 2015. According to Alain Lamassoure, Chairman of European Parliament's Special Committee on Tax Rulings and a participant in the conference, the golden rule is to tax profits where the activity is carried out.

    • Other meeting · Press releases
    • Economic and Financial Affairs
    EU budget 2016: Council calls on European Parliament to respect its commitments as conciliation talks start

    On 9 November 2015, the Conciliation Committee held its first meeting on the 2016 EU budget. The Committee mandated the Commission to prepare a draft joint text with the aim of reaching an agreement at the Committee's second meeting on 13 November. This first meeting of the Conciliation Committee also allowed the Council and the European Parliament to exchange views on their respective positions.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – The Social Dimension of Economic Governance at the heart of the first panel

    Under the Luxembourg Presidency of the European Union, on 9 and 10 November 2015, in Luxembourg, the Chamber of Deputies organised an Interparliamentary Conference on Stability, Economic Corodination and Governance in the European Union, the organisation of which is provided for in Article 13 of the Treaty on Stability, Coordination and Governance (TSCG). The first discussion panel, devoted to the social dimension of economic governance, brought together the Minister for Labour, Employment and the Social and Solidarity Economy, Nicolas Schmit, the Director of the European Social Observatory, Bart Vanhercke, and the Sociologist, Louis Chauvel, Professor at the University of Luxembourg.

    • Other meeting · News articles
    • Economic and Financial Affairs
    Conference on Stability, Economic Coordination and Governance in the European Union – Debate on parliamentary scrutiny and the democratic deficit during the second panel

    Under the Luxembourg Presidency of the Council of the European Union, the Chamber of Deputies held an Interparliamentary Conference on Stability, Economic Coordination and Governance within the European Union in Luxembourg on 9 and 10 November 2015. The second panel focused on parliamentary scrutiny of European economic governance. In his opening speech, Alex Bodry, Vice-President of the Committee on Finance and Budget at the Luxembourg Chamber of Deputies, referred to a 'genuine democratic deficit'. Although economic governance has been boosted in response to the crisis, the new intergovernmental structure set up as a matter of urgency 'reduces flexibility' of national parliaments in terms of budget, he stated.

    • Other meeting · News articles
    • Competitiveness, Economic and Financial Affairs
    Forum on SMEs and Skilled Crafts in Europe – The need for harmonisation of European regulations at the centre of the debates on eco-innovation issues and digital transformation for SMEs

    On 29 October 2015, a Forum for exchanging ideas and best practices on SMEs and craft businesses was organised in the Chamber of Trade under the heading 'SME and Skilled Crafts in Europe' in the frame of the Luxembourg Presidency. The objective was to present the challenges and opportunities that SMEs face in terms of eco-innovation and digital transformation. During her presentation of the priorities of the Luxembourg Presidency, the Secretary of State for the Economy, Francine Closener, insisted on the need to reduce border crossing costs and to establish common regulations.

    • Ministers in the European Parliament · News articles
    • Economic and Financial Affairs
    Pierre Gramegna takes note of the differing positions of the European Parliament and the Council of the European Union following the adoption of the amendments to the draft EU budget for 2016 by MEPs

    On 28 October 2015, the MEPs meeting in plenary session adopted several amendments to the position of the Council of the EU for the draft EU budget for 2016. "I have taken note of the differences between the budget as decided by the Council and the amendments passed by the European Parliament", declared Pierre Gramegna, Minister of Finances and President of the Ecofin Council, following the vote by MEPs. "I agree to the convening of the Conciliation Committee by the President of the European Parliament", added the Minister.

    • Other meeting · Press releases
    • Economic and Financial Affairs
    EU and Liechtenstein sign deal on automatic exchange of tax data

    On 28 October 2015, the European Union and Liechtenstein signed an agreement on the automatic exchange of financial account information aimed at improving international tax compliance. "I am glad that this agreement could be reached between the European Union and Liechtenstein, as it constitutes an important step towards a level playing field and greater tax transparency in Europe and beyond," said Pierre Gramegna.

    • Ministers in the European Parliament · News articles
    • Economic and Financial Affairs
    Pierre Gramegna participated on behalf of the Council in the debate at the European Parliament on the draft 2016 EU budget

    The Luxembourg Minister of Finance and President of the Ecofin Council, Pierre Gramegna, attended the plenary session of the European Parliament in Strasbourg on 27 October 2015, in order to participate, on behalf of the Council, in the debate on the amendments which the Parliament is preparing to vote on the Council’s position on the European Union’s (EU) 2016 draft budget. This position, which provides for €153.27 billion in funding commitments and €142.12 billion in payment allocations was presented by Pierre Gramegna to the European Parliament on 8 September 2015. In its draft resolution presented on 16 October 2015, the Parliament intends to increase funding commitments by more than €4.15 billion and payment allocations by almost €4.34 billion. An approach which Pierre Gramegna deems to be “maximalist and ambitious in the extreme”.

    • Other meeting · News articles
    • Economic and Financial Affairs, Foreign Affairs
    15th FEMIP Conference – Jean Asselborn and Nicolas Schmit highlight the cooperation with Mediterranean countries as a way to respond to the challenges of the refugee crisis

    On 26 October 2015, Nicolas Schmit, Minister for Labour, Employment and the Social and Solidarity Economy, and Jean Asselborn, Minister for Foreign and European Affairs, Minister for Immigration and Asylum, participated in the 15th "Facility for Euro-Mediterranean Investment and Partnership" (FEMIP) Conference organised in Luxembourg by the European Investment Bank (EIB). In his opening speech, Nicolas Schmit highlighted the importance of "inclusive growth" to "gain the confidence" of EU citizens and "neighbours to the South". On closing the conference, Jean Asselborn, highlighted that the FEMIP, "a key reference of the economic and financial Euro-Mediterranean partnership", was the expression of the EU's long-term cooperation policy with the countries of the Mediterranean and a "key player" in the area.

    • Other meeting · News articles
    • Employment, Social Policy, Health and Consumer Affairs, Economic and Financial Affairs
    How to build a caring Europe – Nicolas Schmit warned, at a conference, of the risk that Europe may no longer be seen as a caring project

    On 22 October 2015, Nicolas Schmit, the Luxembourg Minister for Labour, Employment and the Social and Solidarity Economy, took part in the conference on the state of Europe organised by Friends of Europe, under the patronage of the Luxembourg Presidency of the Council. Discussions were held on 'Europe's crises' and 'policy crossroads' by 150 top-level participants – European commissioners, members of the European Parliament and of national parliaments, ministers, opinion formers, members of civil society and business leaders. Nicolas Schmit took part in a round table entitled 'Quality Europe - Building a caring Europe'.

    • Other meeting · Press releases
    • Economic and Financial Affairs
    EU budget 2016 - Council calls for realism

    On 19 October 2015, the Luxembourg Presidency of the Council signalled a note of caution and realism ahead of the conciliation talks with the European Parliament on the EU budget for 2016. "We all agree that we are facing major political challenges which require us to take exceptional measures and to mobilise extraordinary financial support. But we cannot continue simply to increase the EU budget without any limits. We have to address the current situation whilst fully respecting the constraints on our finances, and in the light of clearly justified priorities", said Pierre Gramegna, minister for finance of Luxembourg and President of the Council at a trilogue-meeting with representatives of the European Parliament and the Commission.

    • Third Country Meeting · Press releases
    • Economic and Financial Affairs
    Pierre Gramegna attends G20 meetings in Lima

    In his capacity as President of the European Union's Ecofin Council, Pierre Gramegna took part in meetings held by G20 Finance Ministers and Central Bank Governors on 8 and 9 October 2015. Pierre Gramegna, in his capacity as President of the European Union's Ecofin Council, welcomed the adoption of the BEPS rules by the G20 Finance Ministers and insisted on the importance of now ensuring its global, coherent implementation within the spirit of ensuring a 'level playing field'.

    • Council Meeting · News articles
    • Economic and Financial Affairs
    ECOFIN Council – Ministers agree on the automatic exchange of tax rulings

    European Union (EU) Ministers for Economy and Finance met in Luxembourg on 6 October 2015 for an ECOFIN Council chaired by the Luxembourg Minister for Finance Pierre Gramegna. The Ministers expressed their political agreement on a proposed Directive on the automatic exchange of information (AEI) on tax rulings, they debated the subject of the financial impact of the refugee crisis and exchanged views about the action plan which aims to create a Capital Markets Union.

    • Council Meeting · Press releases
    • Economic and Financial Affairs

    On 6 October 2015, the Council reached a political agreement on a directive aimed at improving transparency in the assurances given by member states to companies about how their taxes are calculated.

  • Updated 15-07-2015