The Minister of National Economy and Finance, Kostis Hatzidakis, will travel to Brussels today, where he will participate in the Eurogroup and ECOFIN meetings.

The Eurogroup meeting will take place on Monday, July 15, whose agenda includes a discussion on the Eurozone's fiscal orientation for 2025, while a joint statement is expected to be adopted in view of the preparation of national budgets for next year.

In addition, the President of the Eurogroup will present the Eurogroup's work programme for the period until March 2025 and will discuss the functioning of the Exchange Rate Mechanism (ERM II) with ministers and central bank governors of Bulgaria and Denmark.

On the same day, an enlarged Eurogroup meeting will be held, with the participation of finance ministers from all 27 member states, to discuss how to address the financing gap and make the investments needed to boost competitiveness in the EU.

Enrico Letta, former Prime Minister of Italy and author of a recent report on the future of the single market, will participate in the debate.

The Ecofin meeting will take place on Tuesday, July 16, during which the Hungarian Presidency will present its priorities and work programme in the field of economic and budgetary affairs.

Ministers are also expected to adopt implementing decisions on amendments to the recovery and resilience plans of Finland, Germany, Poland, Cyprus, Germany, Cyprus, and Greece, country-specific recommendations under the European Semester, and conclusions on the 2024 In Depth Reviews (In Depth Reviews) conducted under the Macroeconomic Imbalances Procedure.

The economic and budgetary impact of Russia's attack on Ukraine, the implementation of the Stability and Growth Pact following the recent decision of the European Commission to launch an excessive deficit procedure for seven member states, and the reports of the European Commission and the European Central Bank on the assessment of the convergence criteria of the non-euro area member states will also be discussed.

In the margins of the meetings, Mr. Hatzidakis will hold meetings with European officials.