Competitiveness, climate, security Finn’s priorities

Ministry of Finance release Finnish road map of EU presidency.

Finland is set to present its Presidency work programme to EU finance ministers in Brussels on Tuesday 9 July. The Economic and Financial Affairs Council (Ecofin) will be chaired by Minister of Finance Mika Lintilä.

“Finland’s Presidency will strive to promote the Union’s competitiveness and social cohesion, seek ambitious progress in combating climate change and comprehensively protect the citizens of Europe against internal and external threats. Economic and financial affairs play a key role also in this work,” says Minister Lintilä.

Capital Markets Union needs more work

As regards financial markets, Finland aims to take up the work to reinforce the Banking Union and develop the Capital Markets Union. The aim is to make the European banking sector more robust and resilient and to boost cross-border investment.

Finland aims to

• launch discussions towards a new roadmap for the next phase of the Capital Markets Union
• make progress on outstanding legislative files, including the sustainable finance package
• reach agreement with the European Parliament and the European Commission on the proposed legislation on crowdfunding
• contribute to preventing money laundering and terrorist financing, and to countering cyber and hybrid threats in finance.