On 20 November 2019, Valdis Dombrovskis,Vice-President of the EC in charge of the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, and Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs, gave a press conference following the read-out of the weekly meeting of the Juncker Commission.

The EC adopted its opinions on the draft budgetary plans of all euro area countries. No Draft Budgetary Plan for 2020 showed particularly serious non-compliance with the requirements of the Stability and Growth Pact. The EC also adopted the the fourth report for Greece under the Enhanced Surveillance framework. The report concluded that Greece’s budget plan for 2020 met the agreed primary surplus target of 3.5% of GDP in a growth-friendly manner, and that the government had overall taken the necessary actions to achieve its specific reform commitments for mid-2019. The EC also took a number of steps under the Stability and Growth Pact.

This video shows extracts from the press conference by Valdis Dombrovskis and Pierre Moscovici.