ECOFIN and Eurogroup meetings in Brussels will focus on strengthening European capital markets
On 9–10 July, Vice-Minister of Finance Januš Kizenevič will attend meetings of the Eurogroup and the Economic and Financial Affairs Council of the European Union (ECOFIN) in Brussels, which will focus on strengthening European capital markets, support for Ukraine, fiscal policy coordination and the future of digital finance.
The ECOFIN ministers will hold a policy debate on the Market Integration and Supervision Package (MISP), which aims to reduce fragmentation in EU capital markets, to facilitate cross-border financial market activities and to ensure more consistent supervision across the European Union. The meeting will aim to agree on further work streams and to confirm the political commitment to reach an agreement on a common Council position in October.
“We support the goal of strengthening European capital markets and particularly welcome the proposals related to pilot testing of data security through distributed data technology (DLT), which could foster innovation and increase the efficiency of capital markets. At the same time, Lithuania underlines that any changes in the supervisory framework should be proportionate, based on clear added value and ensure a level playing field for all Member States”, Vice-Minister of Finance Januš Kizenevič stressed.
The meeting will also discuss the economic and financial impact of Russia’s war against Ukraine and the progress in the implementation of the Ukraine Support Loan Facility. According to the Vice-Minister, Lithuania welcomes the first disbursements made to Ukraine but underlines the need to consider additional support measures in advance to help ensure Ukraine's long-term financing and defence needs. "Ukraine should be given every financial opportunity to defend itself and to defend Europe”, Vice-Minister of Finance Januš Kizenevič stressed.
Moreover, the ECOFIN agenda includes the presentation of the Presidency Programme, the approval of the amendments to the Recovery and Resilience Plan made by several Member States, including Lithuania, the discussion of the European Semester issues, national fiscal plans and the preparation for the G20 meeting of finance ministers and central bank leaders.
The Eurogroup meeting will discuss the fiscal policy coordination in the euro area and the economic outlooks. It is also intended to adopt the statements on the euro area fiscal stance and digital finance with a particular focus on the development of stablecoins, financial stability and the digital euro project.
Last updated: 09-07-2026
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