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New Luxembourg finance minister in Brussels
Economics

New Luxembourg finance minister in Brussels

09.12.2013 From our online archive
Only just sworn in to office last week, Luxembourg's new Finance Minister Pierre Gramegna is in Brussels Monday and Tuesday to attend meetings of the Eurogroup and ECOFIN.

(CS) Only just sworn in to office last week, Luxembourg's new Finance Minister Pierre Gramegna is in Brussels Monday and Tuesday to attend meetings of the Eurogroup and ECOFIN.

The finance ministers of the eurozone and the European Union are meeting on December 9 and 10 to discuss a series of issues.

At the Eurogroup meeting on Monday, ministers will discuss the International Monetary Fund's report on the eurozone's finances and economic situation, as well as reviewing bail-out funding for Greece, Cyprus and Ireland. The finance ministers are also expected to discuss monitoring bail-out countries once funding has terminated.

Slovenia's finances will also be discussed, and Gramegna will be invited by Eurogroup president Jeroen Dijsselbloem to present the new Luxembourg government's growth strategies and budget policies.

On Tuesday, the European Union's finance ministers will discuss further details of the banking union, especially in regards to directives on the resolution of banking crises and Deposit Guarantee Schemes.

Also on the agenda are international cooperation to end fiscal fraud and a review of the European Commission's Annual Growth Survey.

The meetings will be Gramegna's first representing Luxembourg as the country's finance, budget and treasury minister. Gramegna replaces Luc Frieden (CSV), who was finance minister from 2009 to 2013.