Físchomhdháil na n-airí eacnamaíocha agus airgeadais, 10 Iúil 2020

Príomhphointí an chláir oibre

Tionchar eacnamaíoch COVID-19 agus bearta téarnaimh

Beidh malartú tuairimí ag na hairí faoin dul chun cinn a rinneadh maidir le bearta chun freagairt ar ghéarchéim COVID-19 ar leibhéal an Aontais, lena n-áirítear líontáin sábhála an Bhainc Eorpaigh Infheistíochta (BEI), an tSásra Cobhsaíochta Eorpaigh (SCE) agus SURE (tacaíocht chun rioscaí dífhostaíochta a mhaolú i gcás éigeandála).

Cuirfidh an Coimisiún Eorpach agus an Banc Ceannais Eorpach a measúnú ar an staid eacnamaíoch reatha i láthair.

We are at a crucial moment in our response to the economic consequences of the COVID-19 crisis. We are stepping up our efforts to make sure that companies, employees and member states can access the funds we agreed on earlier this spring. In parallel, crucial negotiations are also ongoing on the recovery plan. Ministers today reiterated their commitment to swiftly deliver on an effective response for a strong recovery. Olaf Scholz, Germany’s Federal Minister of Finance and Vice Chancellor

Ministers took stock of the implementation of the three safety nets:

• the ESM pandemic crisis support for member states: this instrument, based on an existing ESM precautionary credit line adjusted in light of the COVID-19 crisis, became operational on 15 May 2020.
• the temporary support to mitigate unemployment risks in an emergency (SURE): this Commission-managed scheme can provide up to €100 billion of loans under favourable terms to member states and will become operational once all member states have provided their guarantees. This process is expected to be completed by the end of the month.
• the EIB pan-European guarantee fund to support businesses: the €25 billion guarantee fund, which will mobilise investments across EU industries, will become operational as soon as member states accounting for at least 60% of EIB capital have provided their guarantees. The fund is expected to be finalised by the end of July.

Ministers also took stock of ongoing work on the EU's recovery post COVID-19. Pending a decision by the European Council, work on the technical aspects of the recovery plan legislation continues.

• COVID-19: the EU's response to the economic fallout (background information)

Aontas na margaí caipitil

Cuirfidh Cathaoirleach an Fhóraim Ardleibhéil maidir le haontas na margaí caipitil, Thomas Wieser, tuarascáil deiridh an fhóraim i láthair, a foilsíodh an 10 Meitheamh.

Beidh malartú tuairimí ag na hairí faoi na tosaíochtaí chun Aontas na Margaí Caipitil a chur ar aghaidh, go háirithe d’fhonn iarmhairtí eacnamaíocha ghéarchéim COVID-19 a shárú.

Strengthening the Capital Markets Union will be among the top priorities of our Presidency in the economic field. Capital markets have a crucial role to play in the post-COVID recovery, to provide additional funding sources for our companies and to facilitate the green and digital transformations. Our goal is to agree a common approach in the Council on priorities for further strengthening this initiative by the end of the year. Olaf Scholz, Germany’s Federal Minister of Finance and Vice Chancellor

• High-Level Forum on capital markets union (European Commission)

Eolas ón uachtaránacht

Leagfaidh Uachtaránacht na Gearmáine amach a cuid tosaíochtaí i réimse na ngnóthaí eacnamaíocha agus airgeadais.

Cuirfidh an uachtaránacht na hairí ar an eolas freisin faoi na hullmhúcháin do chruinniú fíorúil airgeadais G20 a bheidh ar siúl an 18 Iúil, agus faoin dul chun cinn atá déanta maidir le saincheisteanna leanúnacha idirnáisiúnta.

• Convergence report 2020 (European Commission)
• Convergence report 2020 (European Central Bank)

Information from the Presidency

The German Presidency outlined its priorities in the area of economic and financial affairs. It will focus on Europe's comprehensive and ambitious response to the COVID-19 pandemic. It will also work on modernising the EU's tax policy, strengthening the banking union, advancing the capital markets union, promoting a secure and innovative digitalisation of the financial services sector and combatting money laundering and terrorist financing. Sustainable finance also remains of central importance.

The Presidency also informed ministers about preparations of the upcoming G20 finance meeting and progress on ongoing international issues.