European finance ministers will meet tomorrow and Friday with the prospects for the eurozone’s economy and the budget position of various member-states topping the agenda.
Tomorrow sees a gathering of the Eurogroup, which represents the 19 members of the single currency zone, while on Friday all 28 member-states will be represented at a meeting of the finance ministers’ council ECOFIN.
These will be the first official meetings of finance ministers since Austria took over the rotating six-monthly presidency of the European Union on 1 July. On the face of it, the Eurogroup agenda is meatier than that of ECOFIN, which may reflect the growing importance of eurozone issues within the wider EU context.
Unemployment lower but still high
Current Eurogroup president Mario Centene, the Portuguese finance minister, will host the meeting, at which the summer economic forecast from the European Commission will be presented.
It added: “Unemployment continues to fall and is now around pre-crisis levels. In the EU, unemployment is set to continue to decline from 7.6% in 2017 to 7.1% in 2018 and 6.7% in 2019.”