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11 July, 2002
National Economy and Finance Minister Nikos Christodoulakis on Thursday in Brussels will brief the members of the European Union's eurozone finance and economy ministers on Greece's program, as the Greek government undertook the presidency of the 12-member-eurozone, called Eurogroup.
According to sources the minister will focus on the recent developments in the world's economy and especially that of the United States, while then he will focus on the effects of those developments on the eurozone's economy.
He will also discuss the fiscal developments in the Union and the coordination of the economic policies of the member-states.
One of the major issues of talks in both the Eurogroup and ECOFIN will be that of the harmonization of the taxation systems of the Union's member-states, and especially those belonging to the Eurozone.
Greece undertook the presidency of the Eurogroup as Denmark is not part of the eurozone, thus Greece will hold this presidency for a full year. Denmark, however, will exercise the presidency of ECOFIN, which includes all member-states of the Union, for six months and then Greece will undertake this rotational presidency.
Denmark's policies will, reportedly, focus on the taxation harmonization, further economic policy coordination and regulation of financial markets.
Source: Athens News Agency
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