Euro symbol near European flags 311.
(photo credit: REUTERS/Francois Lenoir)
A joint European Union-Israeli committee on economic matters held its first
meeting since its formation under the EU-Israel Association Agreement Tuesday in
Jerusalem, where the two sides discussed the short- and medium-term future of
the euro zone.
The EU delegation was led by its chief diplomat in Israel,
Andrew Standley, and included officials from the European Commission, European
External Action Service and European Central Bank. Acting Finance Ministry
Director- General Doron Cohen led the Israeli team, which included
representatives from the National Economic Council and Central Bureau of
Discussion revolved around the challenges facing both the
European and Israeli economies in the coming year. The European officials made a
presentation on policy responses to the ongoing sovereign-debt crisis, including
the adoption of fiscal-consolidation packages by most euro-zone
The Israeli representatives presented on the upcoming fiscal
challenges, and on the recommendations made by the government-appointed
Trajtenberg and Economic Competitiveness committees.
welcomed the recently formed cooperation between Eurostat and its Israeli
counterpart, the Central Bureau of Statistics, and agreed to support an
extension of the two bodies’ current memorandum of understanding on the exchange
of data beyond 2013.
The next economic dialogue was set for early next
year in Brussels.