Eurogroup agrees term sheet on euro-area budgetary instrument and revised ESM treaty

17 Jun 2019 12:03 PM

Following the mandate received by EU leaders at the 14 December Euro Summit, the Eurogroup in inclusive format discussed and took decisions on deepening of the Economic and Monetary Union (EMU).

Mário Centeno, President of the Eurogroup recently said:

Our aim was to deliver on three key areas ahead of the Euro Summit: the budgetary instrument, the ESM Treaty and Banking Union. More work is needed, but we made real progress.

Ministers agreed on:

Both documents, together with a cover letter from the President of the Eurogroup summarising all the main elements of the Eurogroup's discussion on the EMU reform, have been submitted to the President of the European Council, in preparation of the Euro Summit of 21 June.

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