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European Finance Ministers (Meeting)

Volume 939: debated on Friday 18 November 1977

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asked the Chancellor of the Exchequer if he will list the meetings of the EEC Finance Meetings so far in the current year together with the subjects discussed at each; what subjects will be discussed at the forthcoming meeting on 21st November; and if he will make a statement to the House upon his return from that meeting.

The information requested by the hon. Member is below. I intend to inform the House of the outcome of the November Council.

Following is the information:

14th February

  • Economic situation in the Community.
  • Work programme for the Finance Council during the UK Presidency.

14th March

  • Economic situation in the Community.
  • Fourth medium-term economic policy programme.
  • Increased internal coherence in economic and financial matters.
  • Preparation for the next meeting of the IMF Interim Committee.
  • Conference on International Economic Cooperation: financial aspects.
  • Export credits.

18th April

  • Preparation for the meeting of the IMF Interim Committee.
  • Follow-up to the meeting of the European Council in Rome: Tripartite Conference.
  • Community loan for Italy.
  • Economic and financial issues likely to be raised at the Downing Street Summit.
  • Conference on International Economic Cooperation: Common Fund.

20th June

  • Tripartite Conference.
  • Follow-up to the Downing Street Summit.
  • Excise duties on tobacco.
  • Draft Directive on credit institutions.

18th July

  • Work programme for Finance Council during the Belgian Presidency.
  • Economic situation in the Community.
  • Follow-up to the London meeting of the European Council on 29th to 30th June 1977.

19th September

  • Preparation for the annual meetings of the IMF and the World Bank.
  • Economic situation in the Community.

17th October

  • General exchange of views on the economic policy to be followed by the member States.
  • Adjustments of short and medium-term credit mechanisms.
  • Communication from the Commission on investment and borrowing in the Community.
  • Revision of IMF quotas.

21st November

  • Economic situation in the Community and the adoption of economic policy guidelines for 1978.
  • Improvement of economic policy coordination.
  • The Presidency's proposals for adjustment of the Community short and medium-term support facilities.
  • Commission proposals for a new Community borrowing facility.
  • Draft Banking Co-ordination Directive.