ECOFIN Council: Lithuanian Presidency Work Programme

09 July 2013

The Council took note of the presentation by the Lithuanian presidency of a work programme on economic and financial matters for the duration of its term of office, which runs from July to December 2013. (Includes link to Lithuanian Presidency priorities as presented in EP committees.)

The Council took note of the presentation by the Lithuanian presidency of a work programme on economic and financial matters for the duration of its term of office, which runs from July to December 2013 (11711/13). The Council held an exchange of views.

The programme sets out the following objectives:

• Economic policy: Implementation of economic governance reforms ("two-pack", "six-pack", "fiscal compact") and country-specific recommendations in compliance with the stability and growth pact and the macro-economic imbalances procedure. Progress on plans to update the balance of payments instrument for non-euro area Member States.

• Financial services: Priority will be given to continuing work on the banking union, with the single resolution mechanism as the next important step, as well as adoption of directives on bank recovery and resolution and on deposit guarantee schemes. Agreement with the European Parliament on new rules relating to markets in financial instruments (MiFID/MiFIR) and on the central securities depositories regulation, revision of the Anti-money Laundering Directive and continued negotiations on the "Omnibus II" insurance dossier.

• Taxation: Political agreement on the Savings Taxation Directive, progress on a proposal submitted by the Commission in June to extend the scope of the administrative cooperation directive to provide for automatic exchanges of information on further types of income, as well as continued work on common consolidated corporate tax base (CCCTB); VAT on vouchers; the Financial Transaction Tax and the Energy Taxation Directive.

• External dimension: Representing the EU at G20 meetings.

Full results

Lithuanian Presidency priorities as presented in EP committees

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