Italy will hold the Presidency of the Council of the European Union in the second half of 2014, at a time that Europe is going through a crucial transitional phase. In order to face this challenge, five areas will form the core of the Italian presidency's priorities: General institutional set-up, External action and trade, Industrial policy, Migration, Link to Expo 2015, Taxation. The Annual Review of Italy’s participation in EU matters, published by Ministry of European Affairs, clearly states the Italian Presidency will continue the work of the previous presidencies with a few additional elements.
We will have the pleasure of welcoming as guest speakers Mr. Sebastiano Laviola, Italian Financial Attaché. In the area of Financial Services, Italy will inherit important files from the Greek Presidency. Discussion on the Benchmark regulation, the review of the Institutions for occupational Retirement Provision Directive, the Shareoldes’ Right Directive, and Payment Services Directive will surely continue under the Italian presidency.
We can expect that the Financial Transaction Tax (FTT) could also be under evaluation during the Italian Presidency, except if an agreement will be reached in the coming weeks. Other focuses of the semester will be banking structural reform, the regulation on Money Market Funds, and the Insurance Mediation Directive, among others.
| Permanent Representation of Italy to the EU