-0.9 C
ponedeljek, 6 decembra, 2021

Discussions about the road to recovery in the EU at the informal meeting of economic and financial affairs ministers


Minister Andrej Šircelj attended the informal meeting of economic and financial affairs ministers in Lisbon on 21 and 22 May. The recovery following the COVID 19 pandemic remains a key priority of the EU Member States. It is important for the European Union that an inclusive and balanced recovery process ensures resilience and stimulates green and digital transitions at the same time.

“Despite the recently improved economic outlook for the EU, the uneven effect of the epidemic on different groups of people, businesses, and sectors remains a challenge. Hence, we have to develop measures  that will enhance the effectiveness of recovery and inclusiveness as well as stimulate growth through investments. It is important that the support measures are not withdrawn prematurely. It is also of key importance that the national recovery and resilience plans are approved as soon as possible. The process will be arduous, but the efforts will pay off. With the approved plans, the EU Member States will have access to resources to help people and the economy,” Minister Šircelj said.

In relation to the recovery, the ministers also discussed the future of environmental taxation in the European Union. The European Commission said it would present the “Fit for 55” package on 14 June. Part of this will be a proposal on the carbon border adjustment mechanism and the proposal to amend the Energy Taxation Directive, both of which are key elements of environmental taxation. The ministers agreed that we must strive to achieve carbon neutrality by 2050. In the process, they will try to take into account both environmental and social aspects and specificities of individual countries, while also striving to ensure that the new environmental tax proposals will not lead to additional administrative burdens or reduce competitiveness.

On the first day of the informal meeting, the ministers and governors of the central banks of the EU Member States discussed reinforcing  the joint impact of fiscal and monetary policies. The fiscal and monetary policy’ measures taken to mitigate the negative effects of the COVID‑19 epidemic, both at national levels and at the EU level, ensured that the economy was not affected to a greater extent and that the signs of economic recovery are already visible.

The ministers and governors also discussed cooperation between the financial and non‑financial sectors of the economy in the process of recovery. They agreed that emergency measures will have to be replaced by targeted support measures which will stimulate the recovery and help prospective businesses. However, a great deal of precaution will be required in choosing the right moment to start the transition to such support measures.

Source: gov.si


Latest news

Cologne: Muezzin instead of Christ Child – call to prayer from mosque for the first time on Christmas Eve

By UME As the "Ditib" platform "Mosque Forum" announced, the DITIB Central Mosque in Cologne had submitted an application for a public call to prayer...

Poland protects women

By El Correo de Espana Poland is often portrayed by the media and liberal parties as an ultra-conservative country where women and minorities are restricted...

EU marginalising child protection rights because of violent LGBTQ propaganda disappointing

By: V4 Agency Brussels wants to abolish child protection measures in Hungary through an infringement procedure, the group leader of Hungary's ruling Fidesz party told...

Conservatives discuss profound reform of EU

By: V4 Agency At the invitation of Jaroslaw Kaczynski, leader of Poland's senior ruling coalition party Law and Justice (PiS), several leaders of European conservative...

Related news

Survey: Environment not factor in choosing means of transport

By: P.T., STA A survey on Slovenia's energy efficiency (Reus) has shown that 25% of households are considering using public transport such as city bus...

Impossible Figures and Other Stories I wins Animateka’s main prize

By: J.S., STA The Jury Grand Prix of the 18th Animateka international animated film festival was conferred on Impossible Figures and Other Stories I by...

New Fraport Slovenija boss optimistic about Ljubljana airport’s future

By: J.S., STA Fraport Slovenija's managing director Babett Stapel, who took over at the helm of the company operating Ljubljana's international airport in October, is...

1,116 new infections recorded on Saturday, as epidemic gradually eases

By: J.S., STA 1,116 new coronavirus infections were recorded in Slovenia on Saturday, down 24% from a week ago. The 7-day average of new cases dropped...