Ecofin


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Ecofin

(ˈɛkəʊˌfɪn)
n
(Economics) the council of European finance ministers
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Ecofin's knowledge of the sector and passion to facilitate the global energy transition will bolster and strategically enhance our business.
The post Finance Minister to take part in Eurorgoup and Ecofin meetings appeared first on Cyprus Mail .
The Ecofin adopted its budget guidelines for 2015, in which the ministers reiterate "the need for a realistic budget respecting the principle of sound financial management," as they have underlined over the last years.
At the Coreper meeting, six countries that insisted on the Commission's proposal to be dealt with as 'point B' at the Ecofin Council voiced at the same time their opposition to the proposal.
According to the official website of the Irish EU Presidency, the ECOFIN meeting focuses on current economic and financial issues.
Chancellor George Osborne had planned to be back in Brussels for talks with his colleagues, but the Prime Minister's official spokesman said: "My understanding is that there is no Ecofin meeting."
ECOFIN is composed of the Economics and Finance Ministers of the 27 European Union member states,as well as Budget Ministers when budgetary issues are discussed.
On the same day, the Finance Ministry issued a press release, explaining the revised project received unofficial political approval at the informal ECOFIN meeting while the official one is certain and forthcoming.
"The Ecofin could not come to a unanimous agreement, though there was support," Kovacs said after the meeting.
The secular growth opportunity, visibility of cash flows, and the asset-backed nature of the companies favour the risk profile of the sector, while the dispersion of returns will provide fertile ground for long and short tactical allocation," said Bernard Lambilliotte, CIO of Ecofin.
For Germany, the fact that the ECOFIN suspended in late 2003 the limits on budget deficits contained in the Maastricht Treaty is a very positive development.