Eurogroup: Hans Vijlbrief Appointed President of the Eurogroup Working Group

Total Page：16

File Type：pdf, Size：1020Kb

PRESS Council of the EU EN PRESS RELEASE 25/18 22/01/2018 Eurogroup: Hans Vijlbrief appointed President of the Eurogroup working group The Eurogroup today appointed Hans Vijlbrief as the new President of the Eurogroup working group (EWG). He will take office as of 1 February 2018 and will serve a two-year term. He will succeed Thomas Wieser who was the first full-time EFC/EWG president and held the position since 2012. The President of the Eurogroup Working Group is elected by its members and then appointed by the Eurogroup. He was elected to this position by the EWG on 15 December 2017. The office of the President of the EWG is located at the General Secretariat of the Council of the EU, in Brussels. The EWG prepares the meetings of the Eurogroup and coordinates on euro-area specific matters. It is composed of representatives of the euro-area member states of the Economic and Financial Committee, the European Commission and the European Central Bank. Hans Vijlbrief will also serve as the President of the Economic and Financial Committee, which prepares the ECOFIN Council and promotes policy coordination among EU member states. He was elected to this position by the EFC on 15 December 2017. Until now, Hans Vijlbrief has held numerous positions at the ministry of economic affairs and at the ministry of finance of the Netherlands. Since October 2012, he has been serving as treasurer general at the ministry of finance of the Netherlands and a principal adviser to the minister of finance of the Netherlands on Eurogroup matters. CV of Hans Vijlbrief Webpage of the Eurogroup working group FAQ about the EFC Press office - General Secretariat of the Council Rue de la Loi 175 - B-1048 BRUSSELS - Tel.: +32 (0)2 281 6319 [email protected] - www.consilium.europa.eu/press.

Copy Link

Recommended publications

Calendar of Fabio Panetta, August - September 2020 1 Tuesday, 15 September Executive Board ECB
Calendar of Fabio Panetta Member of the ECB’s Executive Board August - September 2020 Date Meeting / Event (incl. topic / meeting participants, as applicable) Location Friday, 7 August Meeting with London Stock Exchange Group, on developments in global financial markets – teleconference Monday, 10 August Annual board meeting of International Center for Monetary and Banking Studies (ICMB) – teleconference Tuesday, 25 August Financial Stability Board (FSB) Cross-border Payments Coordination Group – teleconference Thursday, 27 August 44th Economic Policy Symposium of the Federal Reserve Bank of Kansas City, on “Navigating the Decade Ahead: Implications for Monetary Policy” – teleconference Friday, 28 August 44th Economic Policy Symposium of the Federal Reserve Bank of Kansas City – teleconference Wednesday, 2 September Executive Board By phone Thursday, 3 September Central bank digital currency (CBDC) Steering Group – teleconference Attendance at virtual ECB Annual Research Conference Friday, 4 September Eurogroup Working Group – teleconference Attendance at virtual ECB Annual Research Conference Tuesday, 8 September Executive Board ECB Meeting with the Bank for International Settlements (BIS) – teleconference Wednesday, 9 September Governing Council – teleconference Thursday, 10 September Governing Council – teleconference Friday, 11 September Attendance at virtual conference on “Banking and Payments in the Digital World”, organised by the Deutsche Bundesbank Calendar of Fabio Panetta, August - September 2020 1 Tuesday, 15 September Executive
[Show full text]
Introduction: Our Athens Spring
Introduction: Our Athens Spring Let me tell you why I am here with words I have borrowed from a famous old manifesto. I am here because: A spectre is haunting Europe — the spectre of democracy. All the powers of old Europe have entered into a holy alliance to exorcise this spectre: The state- sponsored bankers and the Eurogroup, the Troika and Dr Schäuble, Spain’s heirs of Franco’s political legacy and the SPD’s Berlin leadership, Baltic governments that subJected their populations to terrible, unnecessary recession and Greece’s resurgent oligarchy. I am here in front of you because a small nation chose to oppose this holy alliance. To look at them in the eye and say: Our liberty is not for sale. Our dignity is not for auction. If we give up liberty and dignity, as you demand that we do, Europe will lose its integrity and forfeit its soul. I am here in front of you because nothing good happens in Europe if it does not start from France. I am here in front of you because the Athens Spring that united Greeks and gave them back • their smile • their courage • their freedom from fear • the strength to say NO to irrationality • NO to un-freedom • NO to a subJugation that in the end does not benefit even Europe’s strong and mighty, …that magnificent Athens Spring, which culminated in a 62% saying a majestic NO to Un-Reason and to Misanthropy,… …our Athens Spring, was also a chance for a Paris Spring, a Frangy Spring, a Berlin, a Madrid, a Dublin, a Helsinki, a Bratislava, a Vienna Spring.
[Show full text]
Pandemic Crisis Support Eligibility Assessment Prepared by the Commission Services
EUROPEAN COMMISSION DIRECTORATE GENERAL ECONOMIC AND FINANCIAL AFFAIRS Brussels, 6 May 2020 Pandemic Crisis Support Eligibility assessment conducted by the Commission services in preparation of any evaluation pursuant to Article 6 Regulation (EU) No 472/13, Article 13(1) ESM Treaty and Article 3 of ESM Guideline on Precautionary Financial Assistance (Note for the Eurogroup Working Group) Pandemic Crisis Support Eligibility assessment prepared by the Commission services This note summarises the outcomes of the preliminary assessments conducted by the Commission services at technical level on the eligibility of euro area Member States for the Pandemic Crisis Support provided by the European Stability Mechanism. The assessments are annexed to the note. In their meeting of 23 April 2020, the Heads of State and Government of the euro area Member States endorsed the Eurogroup Report of 9 April 2020, in which Ministers of Finance of the euro area Member States had agreed to establish yhe “Pandemic Crisis Support”. The Support is to be based on the existing Enhanced Conditions Credit Line (ECCL) of the European Stability Mechanism (ESM), adjusted in light of the specific challenge posed by the COVID-19 pandemic. Importantly, this Support is to be available to all euro area Member States until the crisis is over. The Support is to have “standardised terms agreed in advance by the ESM Governing Bodies, reflecting the current challenges, based on up-front assessments by the competent European institutions. The only requirement to access the credit line will be that euro area Member States requesting support would commit to use this credit line to support domestic financing of direct and indirect healthcare, cure and prevention related costs due to the COVID-19 crisis.
[Show full text]
Eurozone Crisis & EU Democratic Deficit
- Eurozone Crisis & EU Democratic Deficit: EU and Greece in Multilevel Perspective Alexandros Kyriakidis Dissertation submitted for Master of Philosophy (M.Phil.) degree in Politics 2016 First Supervisor: Prof. Simon Bulmer, FAcSS Second Supervisor: Dr. Owen Parker Department of Politics University of Sheffield Sheffield, UK Eurozone Crisis & EU Democratic Deficit – Alexandros Kyriakidis | i Table of Contents List of Tables ................................................................................................................ iv List of Graphs ............................................................................................................... iv List of Figures ............................................................................................................... iv Abstract .......................................................................................................................... v List of Abbreviations .................................................................................................... vi Chapter 1: Introduction .............................................................................................. 1 SECTION A: RESEARCH FOUNDATIONS, METHODS & LITERATURE ......... 11 Chapter 2: Review of Relevant Existing Literature ............................................ 11 2.1. Introduction ................................................................................................... 11 2.2. EMU & Democracy: Supranational Level ...................................................
[Show full text]
A Euro Area Budget: Another Seedling?
Maastricht Law Faculty of Law 201/0 Maastricht Centre for European Law 201/0 MCEL Working Paper series A Euro area budget: another seedling? Dr. M. van der Sluis* Table of Contents 1. Introduction .............................................................................................................................................. 2 2. Plans for a Euro (Area) budget ................................................................................................................. 4 2.1. The Four and Five Presidents’ reports ............................................................................................ 4 2.2. The European Parliament Resolution ............................................................................................. 4 2.3. The Commission proposals (2018) .................................................................................................. 5 2.4. The Meseberg Declaration & the New Hanseatic League .............................................................. 6 2.5. The Eurogroup agreements on the BICC ........................................................................................ 8 2.6. The Commission proposal (2019) ................................................................................................... 8 2.7. The Eurogroup’s October Term Sheet ............................................................................................ 9 3. Legal aspects of the BICC .......................................................................................................................
[Show full text]
011137/EU XXVII. GP Eingelangt Am 13/02/20
011137/EU XXVII. GP Eingelangt am 13/02/20 Eurogroup ANNOTATED AGENDA Brussels, 12 February 2020 ecfin.cef.cpe(2020)934222 Draft Eurogroup annotated agenda1 17 February 2020 Starting time 15h00, Brussels 1. Presentation of the Commission priorities for the EMU The Commission will present its priorities for the EMU. 2. Presentation of the Commission Six- and Two-Pack review – euro area related issues The Commission will present the main points of its economic governance review Communication, focusing on those relevant for the euro area. Some elements of EU economic governance are applicable only to the euro area, notably the so- called “2-pack” reforms that were introduced in 2013 to establish a framework for dealing with Member States facing financial stability difficulties and to strengthen budgetary co-ordination. The Eurogroup and Eurogroup Working Group have specifically-defined roles in their implementation. 3. Thematic discussion on growth and jobs – Tax wedge on labour – focus on tax shift from labour to other forms of taxation 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 shifting from labour to other forms of taxation. This discussion will look more particularly at the shift from labour to environmental taxation. The aim is to foster the sharing of good policy practices. A technical note by the Commission and an oral presentation by Professor Ottmar Edenhofer, Director of the Mercator Research Institute on Global Commons and Climate Change (MCC) and of the Potsdam Institute for Climate Impact Research, (PIK) will inform the debate.
[Show full text]
Thomas Wieser Director General Austrian Federal Ministry of Finance
Thomas Wieser Director General Austrian Federal Ministry of Finance VOWI_Tagung_2011.indb 134 03.10.11 08:28 Macroeconomic Imbalances within the EU: Short and Long Term Solutions What is an Imbalance? tion of countries, and may have impor- What is a macroeconomic imbalance? tant spillover effects. It has an array of And do macroeconomic imbalances lending instruments at its disposal that matter? Two easy questions. Put them can be utilized if imbalances lead to to an economist and she or he will most capital flows that are inadequate for likely give you an authoritative descrip- satisfying the external financing needs tion or definition of such an imbalance; of a country. The G 20 process has re- and will then proceed to authoritatively discovered this issue in the light of tell you that they either matter enor- global imbalances in current account mously, or not at all. A pattern will positions, and has agreed on a surveil- emerge: first, the definitions or de- lance exercise. scriptions will not be consistent with each other; second: if they matter, then usually abroad. I will start off with a simple defini- tion: a macroeconomic imbalance is the (negative or positive) position of a do- mestic, external or financial variable in relation to a certain norm. This posi- tion may – if uncorrected over time – make the national savings/investment balance so untenable that it self-cor- rects abruptly, thereby causing signifi- cant adjustment shocks domestically; in the case of large economies also abroad. Imbalances are caused by economic policies, or by their absence. They are Addressing Potential Imbalances in the Euro Area therefore a lagged indicator of other variables that developed at a pace or in a Within the European Union risks of direction that is not commensurate macroeconomic imbalances were rec- with the overall balanced development ognized in the Treaty.
[Show full text]
A Crisis of Déjà Vu How a Host of Divisions Caused a Seemingly Unending String of Setbacks to a Deal for a New Greek Bailout
SPecIAL REPORT A CRISIS OF DÉJÀ VU How a host of divisions caused a seemingly unending string of setbacks to a deal for a new Greek bailout. First of three parts. NEW MAN, SAME STORY: Greek Finance Minister Evangelos Venizelos set off a new mini-crisis upon taking office. REUTERS/JOHN KOLESIDIS BY Luke BAKER, PAUL TAYLOR his debut at an emergency meeting of Monetary Fund inspectors. Greece needed AND DINA KYRIAKIDOU euro zone finance ministers on June 19, easier terms, he said. BRUSSELS, OCT 5 his country was teetering on the brink of “Venizelos started with excuses as to bankruptcy and desperate for more aid why they have to change some parts of the REEK FINANCE MINISTER Evangelos to avoid default. The burly constitutional programme to buy parliamentary support,” Venizelos came into office offering a lawyer began his presentation by seeking said one participant in the confidential freshG start in his nation’s financial crisis. But to renegotiate an austerity programme his Sunday-night meeting in Luxembourg. he began with more of the same. predecessor had only recently concluded The euro zone’s point man in the talks, When the 54-year-old politician made with European Union and International a normally mild-mannered Finn named octoBER 2011 DejA VU OCTOBER 2011 Olli Rehn, exploded. The EU’s executive how the second Greek bailout was reached differences among the euro zone countries, arm would refuse to sign off on Greece’s -- and why a third bailout now looks almost personality clashes among their leaders, compliance with its bailout programme, the inevitable -- Reuters spoke to dozens of denial in Greece about the extent of the 49-year-old economic and monetary affairs ministers, officials, central bankers and other problem and political paralysis that has commissioner told Venizelos.
[Show full text]
© in This Web Service Cambridge University
Cambridge University Press 978-1-107-04321-3 - Opting Out of the European Union: Diplomacy, Sovereignty and European Integration Rebecca Adler-Nissen Index More information Index Note: Locators in italics refer tables; followed by n refer notes; bold italics refer ﬁgures. acquis communautaire 10, 13, 19, 27–9, Barroso, José Manuel 134, 152, 160, 58, 126, 150, 169. See also 163 Schengen acquis BEGPs. See Broad Economic Policy Adler, Emanuel 48 Guidelines Africa behaviour. See also norms North 114, 122 deviant 29, 65–6, 177–8 West 122 state 48, 71, 166, 176–7, 189 AFSJ. See Freedom, strategic 63 Security and Justice voting 17 agency 26, 50, 56, 115, 158 Belgium 2, 22, 90, 93, 140 agricultural policy 33, 82, 116, 170n8 benchmarking 85, 150 a la carte 152, 169, 187 Benelux 25. See also Belgium; Allot, Philip 166 Luxembourg; Netherlands Amsterdam Treaty. See Treaty of Black Wednesday 78 Amsterdam Blair, Tony 79, 104, 126, 131–2 analytical strategy 198–217. See also borders. See Schengen methods Bosnia 31 Andersen, Bodil Nyboe 80 Börzel, Tanja 179 appropriate measures 135 Bourdieu, Pierre 3, 12, 17–19, 22, Arab Spring 23, 114 47–65, 71–3, 86–8, 123, 156, ASEAN. See Association of South-East 174–8, 182, 202–7, 215 Asian Nations Broad Economic Policy Guidelines 85 Association of South-East Asian Brown, Gordon 104, 211 Nations 164 Bull, Hedley 147 asylum policy 114–19, 122, 124, 126, bureaucrat 5, 17, 49, 52, 90, 149, 158 127, 133–5, 141, 145 bureaucratic epistemic community 120, autonomy 153 158 monetary 76 national 39, 61, 135, 140, 142, 145, Cameron, David 1, 14, 19, 75, 79, 99, 163, 168, 170 104, 152 trade off inﬂuence 15, 39–40, 150, 153 capital 49, 51, 61–2, 69–72, 88–90, 94, 105, 205, 208 Balladur, Eduard 25 cultural 51 Bank of England 79 diplomatic 58–62, 70, 90, 160–1, bargaining 38, 41, 53.
[Show full text]
September 2010 Volume 18 BANKING JOURNAL
7 September 2010 Volume 18 BANKING JOURNAL NÁRODNÁ BANKA SLOVENSKA BIATEC Conference The Euro Area and the Financial Crisis The Euro Area and the Financial Crisis conference was opened by NBS Governor Mr. Jozef Makúch (first from left), who also chaired the first session. Governor of the Central Bank of Cyprus Mr. Athanasios Orphanides (in the middle) devoted the keynote lecture to regulation and supervision, and to the issue of crisis resolution. The same issue was also analysed by Mr. Thomas F. Huertas from Great Britain (first from left). Economic research in Slovakia witnessed from cial stability is undoubtedly an important concern the 6th to 8th of September hitherto the greatest of central banks. At the European level it is neces- event. Národná banka Slovenska together with sary to solve two aspects of financial stability: on the Heriot-Watt University from Edinburgh and the one hand regulation and supervision, on the the Comenius University in Bratislava organized other hand resolution of a manifested crisis. A sig- The Euro Area and the Financial Crisis conference. nificant progress was made in recent years in the As the name suggests, the conference was dedi- area of supervision and regulation – increasing cated to the issues of the financial crisis and its emphasis on macrofinancial stability, setting up aftermath, the implications of the crisis for the the European Systemic Risk Board, there is a sys- euro area and several of its members, open issues tem of communication and cooperation among of financial regulation, and the issue of how the national regulators, and the harmonisation of euro introduction influenced several EU member legislation among member states has intensified.
[Show full text]
39Th ECONOMICS CONFERENCE 2010
OESTERREICHISCHE NATIONALBANK EUROSYSTEM 39th ECONOMICS CONFERENCE 2011 The Future of European Integration: Some Economic Perspectives ECONOMICS CONFERENCE 2011 th 39 Contents Ewald Nowotny Welcome Address 4 Rudolf Hundstorfer The Future of European Integration – Some Economic Aspects 10 Session 1: Regaining Fiscal Strength, Restoring Growth Olli Rehn Keynote Address 16 Martin Wolf The Euro After the Crisis 22 Panel 1: Reforming Fiscal Policy Rules for the Euro Area Ernest Gnan Introductory Remarks 32 Wolfgang Franz Reforming Fiscal Policy Rules for the Euro Area 36 Daniela Schwarzer Legislative and Institutional Dynamics in Response to the Crisis 42 Klaus Liebscher Award Klaus Liebscher Award for Scientific Work on European Monetary Union and Integration Issues by Young Economists 50 Session 2: Banking and Financial Architecture in the EU Andreas Ittner Introductory Remarks 54 Lorenzo Bini Smaghi Macro-Prudential Supervision and Monetary Policy – Linkages and Demarcation Lines 58 David T. Llewellyn A Post Crisis Regulatory Strategy: The Road to “Basel N” or Pillar 4? 70 Panel 2: Enhancements in EU Financial Regulation: Have We Done Enough? Martin Summer Introductory Remarks 94 Hans-Helmut Kotz Enhancements in EU Financial Regulation: Have We Done Enough? 98 Andreas Pfingsten A Critical Assessment of the New Capital and Liquidity Requirements 110 2 39th ECONOMICS CONFERENCE 2011 VOWI_Tagung_2011.indb 2 03.10.11 08:25 Contents Session 3: Addressing Macroeconomic Imbalances Wolfgang Duchatczek Introductory Remarks 122 Anne O. Krueger Formulating
[Show full text]
12Th Newsletter on the Economic Impact of the Covid-19 Pandemic
Greek & European Economy Observatory 12th Newsletter on the economic impact of the Covid-19 pandemic European Developments (05-12/06) "But for the Single Market to work as an engine of convergence, European companies should compete on similar terms. For our joint benefit, European spending should aim to re-establish a level playing field and support those most affected by the crisis." Christine Lagarde, President of the ECB "Coordination, in particular within the euro zone, is key to ensure that we avoid divergence and the build-up of our imbalances. Protecting the single currency is as critical as protecting the single market." Mario Centeno, President of the Eurogroup "We will need to have a much more nationally and sectorially differentiated approach to fiscal policy. I think nobody is so stupid as to propose ‘just be back under 3% by year X’. That would be probably the largest mistake." Thomas Wieser, Former President of the Eurogroup Working Group European Commission • The Commission and the EIB approved financing of total worth €100 m. for BioNTech, a pharmaceutical company developing a vaccine for COVID-19. • Furthermore, the Commission announced that it has granted a total amount of €166 m. to 34 innovative companies battling the pandemic. • The Commission also approved state aid measures of 6 member states, of total value €11.869 bn. 1 12/06/2020 National measures (05-12/06) France: The Minister of Finance Greece: The Government issued a announced a €15 bn support plan 10-year bond, raising €3 bn priced for the aerospace industry. at 1.55%. USA: The FED eased the terms for loans provided under the $600 bn Ukraine: The Central Bank cut its facility for SMEs, by increasing the benchmark rate from 8% to 6%, maximum loan size and which represents a record low for the country.
[Show full text]