Norwegian minister of Foreign Affairs, Mr. Jonas Gahr Støre (middle), the Norwegian Ambassador to the EU, Ms. Oda Sletnes (left) and Director General Mr. Christian Syse at the EEA Council. Photo: Lars-Erik Hauge

EEA Council discussed the energy market and strengthening of the financial system

Last updated: 24/11/2010// The 34th meeting of the EEA Council took place in Brussels 22 November. The Council discussed the overall functioning of the EEA Agreement. Special attention was given to the strengthening of the financial system. Ministers also held a special debate on the European Energy Market.

The EEA Council is responsible for assessing the development of the European Economic Area (EEA) agreement, and lay down guidelines for the further development of it. 

The Council discussed the overall functioning of the EEA Agreement. Furthermore, the Council devoted special attention to the strengthening of the financial system. The Council welcomed the possibility for the EEA EFTA States to participate in the work of the new supervisory authorities in the areas of Banking, Insurance, and Securities, and looked forward to the new structure being operational as of January 2011.

Europe 2020, European Energy Market adressed
Among other topics addressed were the importance of the Europe 2020 strategy and the Single Market Act and how these initiatives will revitalize and have positive effects in the EEA. Furthermore, Ministers welcomed the formal signing of the Financial Mechanism 2009-2014 and the implementation of the Lisbon Treaty. Ministers also held a special debate on the European Energy Market. Prior to the meeting of the EEA Council, Ministers met within the framework of the political dialogue where they discussed Russia, China and the Middle East.

The EEA Council was attended by Norway’s Minister of Foreign Affairs, Mr. Jonas Gahr Støre. The meeting was chaired by Mr Össur Skarphéðinsson, Minister for Foreign Affairs of Iceland. The ambassador of Lichtenstein Mr Kurt Jäger attended in lieu of the Minister of Foreign Affairs of Liechtenstein, Dr Aurelia Frick. The Belgian Presidency, the Council of the European Union, the European Commission and the Secretary General of EFTA were also represented at the Council meeting. 

Read the conclusions from the EEA Council HERE

 


Source: Gunn Benjaminsen   |   Share on your network   |   print