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Informal ECOFIN 07-08 September 2018

My right honourable friend the Chancellor of the Exchequer (Philip Hammond) has today made the following Written Ministerial Statement.

An informal meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Vienna on 07-08 September 2018. The Council will discuss the following:

Working Lunch - The European Investment Bank: Achievements and future challenges

Based on a Presidency Issues note, the Council will discuss the achievements and future challenges of the European Investment Bank (EIB).

Working Session I

The Council will then be joined by Central Bank Governors for the first Working Session.

Financial stability implications of increasing interest rates

Following a presentation from the Centre for European Policy Studies, the Council will discuss the financial stability implications of increasing interest rates.

The economic potential and risk of crypto assets

Following a presentation from Bruegal, the Council will discuss the economic potential and risks of crypto assets.

Working Session II

MFF 2021 – 2027: Deeping of the Economic and Monetary Union

The Council will discuss issues in the context of the Multiannual Financial Framework (MFF) for the period 2021-2027 and deepening of the Economic and Monetary Union. Specifically, the Council will exchange views on proposals in relation to the InvestEU programme and the approach for strengthening structural reforms and macroeconomic stabilisation in the eurozone.

Working Session III

Fair taxation of the digital economy

The Council will exchange views in regards to fair taxation of the digital economy.