Economic and Financial Affairs Council

The Minister of Public Finance, Eugen Teodorovici, said it is absolutely necessary the new European Commission to take into account the interests of all member states, and not only of some of them that are believed to be stronger and more influent. "I hope that the new team of the European Commission will truly approach every matter in the spirit of cohesion.

AGERPRES special correspondent Tudor Martalogu reports: Romania takes over the half-yearly Presidency of the Council of the European Union at an important moment for Europe, marked by multiple challenges, but we are realistic and ambitious in our approach, with common effort and political will being necessary from both the Council and the European Parliament, Minister of Public Finance Eugen Or

The Romanian Presidency of the Council of the European Union has finalized the process of adopting its first file in the area of economic and financial affairs, namely the Regulation as regards the minimum loss coverage for non-performing exposures (NPL), informs the Ministry of Public Finance (MFP).

Romania is ready to work at a sustained pace during the negotiations on the future European budget for 2021-2027, so that an agreement to be reached by the end of this year, Minister of Finance, Eugen Teodorovici, said in a release sent to AGERPRES on Saturday.

Finance Minister and EU Economic and Financial Affairs Council (ECOFIN) President Vladislav Goranov will represent the Council of the European Union at the first meeting of the Ministers of Finance and Central Bank Governors on 19-20 March at the G20 meeting in Buenos Aires, Argentina. This was announced by the press center of the  Ministry of Finance.

Athens is feeling the pressure rising after the EuroGroup meeting failed to produce any results, with talks continuing in Brussels between Greece and its lenders.

The 28 EU Finance Ministers have essentially given their approval of the deal reached between Greece and the Quartet paving the way for the agreement to pass on to a political agreement with EU countries to bring the deal for ratification in their national parliaments.

The European Economic and Financial Affairs Council (Ecofin) has approved a 7.16 bln-Euro bridge loan to Greece, which will allow the crisis battered country to cover its overdue debt obligations over the next 3 months to the IMF, the Bank of Greece and the ECB.

German FinMin Wolfgang Schaeuble mentioned the clime during yesterday’s Eurogroup.

In statements he made during the Ecofin council, Mr. Schaeuble stated that “the clime is better” as far as talks went, but added that “I cannot say the same about substance”.

He added that “the IMF must remain in the Greek aid program”.

In his interview to German newspaper "Der Standard" the German Minister of Finance Wolfgang Schauble stated that the Greek Government must explain to its citizens that the country's problems are not attributable to Brussels or Berlin.