The Eurozone will convene the Economic and Monetary Committee of the European Central Bank (ECB) on Wednesday (12 December) to finalise the formal implementation of a programme to bring the economy into full recovery, it was announced.
The summit will be attended by ECB President Mario Draghi, ECB President Jean-Claude Trichet and other key ECB officials.
The EBA will then present its long-term economic outlook, it said.
The ECB’s medium-term forecast for economic growth in Europe, which is based on the ESM, the eurozone’s structural and macroeconomic framework, was based on current economic conditions and the ECB’s forecasts for the following years.
The European Commission has said the economic recovery is needed in order to maintain the EU’s competitiveness and the common market.
The conference will be a crucial moment in the recovery of the eurozone economy, it added.
“This is a moment of decisive importance for the economy of the euro area, which was hit by the financial crisis and the consequent recession in 2008 and 2009.
It will be the first time that the economic and monetary leaders of the EU will meet to finalize the final programme of action,” the EBA said in a statement.”
The summit of the EMA will be an important moment for the recovery and for the European economy.
The EMA summit is a crucial and crucial step in bringing economic recovery and a long-lasting recovery to the Eurozone,” it said, adding that the summit will provide a framework for further economic reforms and policies.
The Eurozone’s economic recovery has been weak since the crisis, which hit during the height of the global financial crisis in late 2008.
The financial crisis led to a collapse in investment and exports, which resulted in a sharp drop in demand for the eurozone.
The recovery has since been a slow one.
The euro area’s unemployment rate has fallen from 7.9% to 6.6% and its growth rate has also slowed down from a robust 1.6%.