Estonia: The government approved Estonia’s positions for the meeting of EU economic and finance ministers

NordenBladet — The government approved the positions for the video meeting of the Economic and Financial Affairs Council of the European Union on 4 November.

The economic and finance ministers of the EU will discuss the European Commission’s action plan for combating money laundering and terrorist financing. Money laundering almost always has an international dimension, which means that money is moved across national borders. Global cooperation and cooperation between the European Union and its Member States is of key importance in the fight against money laundering. In order to prevent and combat financial crime, the European Union needs a more uniform set of rules, cooperation and exchange of information between countries need to be promoted, and supervisory issues need to be addressed. The government supports the Council’s conclusions on the fight against money laundering and terrorist financing.

As part of the European Semester process, ministers will discuss the annual sustainable growth strategy and the report on the European Court of Auditors’ country-specific recommendations.

The government considers that the rapid and successful implementation of the Recovery and Resilience Facility is essential to support the economic recovery of the Member States, which presupposes the establishment of national recovery plans. The government also agrees with the Council’s conclusions on the European Court of Auditors’ report on the European Semester.

The European Fiscal Board will present the 2020 report to ministers. In addition, the EU statistical system will be discussed.

The government supports the adoption of conclusions on EU statistics and emphasises the importance of using new methods and technologies to collect high-quality statistics and to reduce the associated administrative burden.

Source: Estonian Government