FinMin to take part at Eurogroup meeting on Monday

Cyprus Finance Minister Constantinos Petrides travels to Brussels on Sunday to take part on Monday at a Eurogroup meeting which will discuss, among other issues, the shift from labour to environmental taxation.

According to the agenda highlights published at the Eurogroups website, during the meeting the Commission will present its priorities for the Economic and Monetary Union (EMU).

Eurozone Finance Ministers will exchange views on the economic situation of the eurozone on the basis of the Commissions Winter 2019 Forecast and will discuss the draft 2020 recommendations addressed to the euro area, ahead of their approval at the Economic and Financial Affairs Council.

The Commission will also present the main points of its communication on the economic governance review, focusing on those that are relevant for the eurozone.

As part of the thematic discussions on growth and jobs, the Eurogroup “will continue to exchange views on the tax wedge on labour, focusing on a shift from labour to other forms of taxation.”

It is further added that “this discussion will look more particularly at the shift from labour to environmental taxation.”

The Eurogroup will also be informed by the European Commission and the European Central Bank (ECB) on the main findings of the 12th post-programme surveillance mission to Ireland, carried out between 19-21 November. The Eurogroup will also be informed by the International Monetary Fund (IMF) about its staff visit to Ireland.

According to his calendar which was released by the Ministry of Finance, Petrides returns to Cyprus on Tuesday.

Source: Cyprus News Agency