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Prime Minister Xavier Bettel received the President of the employers' organisation Business Europe, Emma Marcegaglia, in the context of Luxembourg's presidency of the EU Council on 21 July 2015. Several topics were discussed: the situation in Greece, the strengthening of industrial policy in Europe and the future economic governance of the European Union (EU). Social Europe, business taxation and the reform of emission trading scheme (ETS) quotas were also discussed.
The Finance Minister, Pierre Gramegna, attended the Committee on Economic and Monetary Affairs (ECON) of the European Parliament in Brussels on 15 July 2015, to present its members with the priorities of the Luxembourg Presidency in the field of economy and finances. Upon welcoming "the central role" of its guests to achieve the objectives of the Presidency, the Minister said he was aware of the many challenges at this "decisive moment" for Europe, against the backdrop of a weak recovery which is also too dependent on temporary factors. Pierre Gramegna cited high unemployment, the lack of necessary investments in companies, the prevailing gaps in Economic and Monetary Union (EMU), the issues still open for business taxation and the issues associated with climate change.
The finance ministers of the Member States of the European Union (EU) met in Brussels on 14 July 2015, to attend the first formal meeting of the "Economic and Financial Affairs" Council (Ecofin) under the Luxembourg Presidency. The ministers then concluded the 2015 European Semester process by adopting the country-specific recommendations and had an initial exchange concerning the five presidents' report on the deepening of the Economic and Monetary Union (EMU). The Luxembourg Minister of Finance and President of the Ecofin Council, Pierre Gramegna, also presented the work programme of the Luxembourg Presidency of the Council.
On 9 July 2015, the Council's Permanent Representatives Committee agreed its position on the draft 2016 EU budget, on the basis of a compromise text of the Luxembourg Presidency. "I believe that the Council’s political agreement strikes the right balance between fiscal consolidation and strategic investments that Europe needs to mitigate the negative effects of the current economic and social situation", said Pierre Gramegna, Luxembourg’s minister for Finance and President of the Council.
On 1 July 2015, the first day of the twelfth Luxembourg Presidency of the Council of the European Union (EU), the Minister for Work, Employment, Social Economy and Economic Solidarity Nicolas Schmit came to Brussels to set out the priorities of the Presidency at the opening of the plenary session of the European Economic and Social Committee (EESC).