ECOFIN: Cypriot FinMin urges for accelerated union between the EU banking and the capital markets

ECOFIN: Cypriot FinMin urges for accelerated union between the EU banking and the capital markets
At the Informal meeting of EU economic and financial affairs ministers (ECOFIN) that takes place in the Bulgarian capital, Sofia, on April 27-28, and is hosted by the Bulgarian Minister of Finance, Vladislav Goranov, one of the main topics of discussion "the convergence policy inside and outside the Euro area, as well as the further reduction of fragmentation within the Capital Markets Union".

Cyprus' Finance Minister Haris Gerogiades who participates in the meeting has called for the acceleration of both the "integration of the EU banking union and the association of capital markets", as CNA mentions.

On the sidelines of the ECOFIN, the Cypriot minister has said that "the completion of the banking union involves pressure, difficulties and is demanding, especially for a country such as Cyprus where the banking system is still burdened by the mistakes and omissions of the past. "We believe that with the completion of the banking union, a confidence-building environment will be created also for Cyprus and that is precisely why we are working in this direction and we are fully aligned with the joint effort to complete the European banking union."

The Cypriot FinMin Haris Gerogiades (L) with colleagues of his

According to the main European page regarding the event, "the second day of the meeting will be devoted to improving revenue collection and fighting tax fraud in the single market, as well as to corporate taxation and the taxation of the digital economy.".... / IBNA

Main Photo: Family photo at the ECOFIN 2018 in Sofia, Bulgaria

Share with your friends: