Finance ministers to discuss the Banking Union and the implementation of the EU’s Recovery and Resilience Facility
Minister of Finance Annika Saarikko will represent Finland at the informal meeting of ministers for the economy and finance and in the Eurogroup video conference to be held on Tuesday, 3 May.
The unofficial video conference of finance ministers will adopt implementing decisions on Sweden's and Bulgaria's Recovery and Resilience Plans. The extra Eurogroup meeting will be held in the inclusive format and will discuss a work plan on the Banking Union. The Eurogroup is to prepare a stepwise and time-bound work plan by June 2022 on completing the Banking Union.
Minister Saarikko will attend both meetings via video conference.
Susanna Ikonen, Senior Ministerial Adviser, tel. +358 295 530 049, susanna.ikonen(at)gov.fi
Petra Schulze Steinen, Special Adviser to the Minister of Finance, tel. +358 40 671 7278, petra.schulze-steinen(at)gov.fi
The Economic and Financial Affairs Council (Ecofin) is one of the configurations of the Council of the European Union. Ecofin makes decisions on EU legislative proposals within its remit, usually in cooperation with the European Parliament. It is also responsible for coordinating the economic policies of EU Member States. Ecofin is composed of the Member States’ economic and financial affairs ministers.
The Eurogroup is an informal body tasked with coordinating economic policies among the euro area member states and promoting economic growth. The Eurogroup consists of the economic and financial affairs ministers of the euro area member states. Although the Eurogroup has no legislative function, it does set out policy guidelines.