Denmark holds the Presidency of the Council of European Union from the 1st of July until the 31st of December. The Minister for Economic Affairs Stephanie Lose is the president for the Council of the Economic and Financial Ministers in the European Union during the Danish Presidency.
Denmark holds the Presidency of the Council of European Union from the 1st of July until the 31st of December. The Minister for Economic Affairs Stephanie Lose is the president for the Council of the Economic and Financial Ministers in the European Union during the Danish Presidency.
The overarching priorities during the Presicency are Europe's defence and security as well as Europe's competitiveness.
On the priority of defence and security, a key task for the Danish ECOFIN presidency will be to ensure continued support for Ukraine. The presidency will also work on defence financing and the concrete implementation of the EU's "REARM Europe" plan, which includes flexibility in the EU’s fiscal rules to allow for increased defence spending and a new loan instrument to finance defence expenditures.
On the priority of strengthened European competitiveness, a central task for the Danish presidency will be to follow up on the Draghi report to enhance European productivity and ensure robust and sound economies in the EU. The presidency will therefore work on simplifying EU regulations and reducing burdens, with a stronger forward-looking focus on burdens from new EU regulations.
The Danish ECOFIN presidency will also prioritise the development of the EU’s Savings and Investment Union (SIU), aimed at more efficient and integrated capital markets in Europe, while maintaining the focus on simplification and burden reduction. This is one of the most important framework conditions for European businesses and one of the most crucial efforts to mobilise private investments and strengthen competitiveness in the EU.
The Danish presidency will also seek to reach agreement on the proposal for a digital euro, which would provide a simple, secure, and low-cost digital means of payment in Europe, and strengthen the international role of the euro.
The ECOFIN Council will also work on implementing the EU’s fiscal rules to ensure sound and sustainable public finances, the precondition for Member States to be able to finance their priorities. The ECOFIN Council will approve and monitor medium-term fiscal-structural plans of Member States to ensure compliance with the EU’s deficit and debt rules and ensure that EU countries are on track regarding their plans on economic policies and reforms. The Danish presidency will generally work to strengthen the focus on EU Member States’ efforts on structural reforms.
