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[Luxembourg 2005 Presidency of the Council of the European Union]
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Press Release
Meetings of the Eurogroup and "Economic and Financial Affairs" Council in Luxembourg on 11 and 12 April 2005

Date of release : 11-04-2005

Policy area : Economic and Financial Affairs Economic and Financial Affairs

Event : Economic and Financial Affairs Council

The Prime Minister and Finance Minister, Jean-Claude Juncker, will preside over the meetings of the Eurogroup and the "Economic and Financial Affairs" Council to be held in Luxembourg on 11 and 12 April 2005.

The Minister for the Economy and External Trade, Jeannot Krecké, will represent the Luxembourg Government there.

The Finance Ministers of the 12 member countries of the eurozone will discuss recent developments and prospects for the European economy and follow up the decision on the reform of the Stability and Growth Pact taken on 20 March 2005 and ratified by the heads of state and government on 22 March 2005.

The 25 Ministers for Finance and the Economy of the Member States of the European Union will devote the "Economic and Financial Affairs" Council to the Broad Economic Policy Guidelines, implementation of the Stability and Growth Pact, particularly with regard to the excessive deficit procedure initiated against Greece, as well as an exchange of views on the reduction of administrative expenses for businesses.

The Luxembourg Presidency will submit the negotiating box for the financial perspectives for the period 2007-2013. This dossier, which represents one of the main priorities of the Luxembourg Presidency, should be the subject of a political agreement before the end of the Luxembourg Presidency, without which the legislative framework governing the financial perspectives and formulation of the European aid and investment programmes will not be ready for 1 January 2007.

The Council will also study the dossier with regard to the harmonisation of taxation on savings; the related directive will enter into force on 1 July 2005.

In addition, the Council will discuss financing development aid and, to this end, analyse fiscal and non-fiscal options, particularly in relation to a possible tax on aviation fuel, or a contribution through the price of air tickets.

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This page was last modified on : 11-04-2005

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