Luxembourg Eurogroup Statement Tender

The Eurogroup welcomes Luxembourgs submission of an updated draft budgetary plan DBP for 2019 as requested in its statement of 4 December 2018 as well as the Commission opinion issued on 22 March 2019.The Eurogroup welcomes that Luxembourgs plans are deemed to be compliant with the requirements of the preventive arm of the Stability and Growth Pact SGP in 2019. Luxembourg has outperformed its medium term objective and has used its favourable budgetary situation to sustain investment and growth.We will continue to monitor euro area member states fiscal and economic policies as well as the budgetary situation of the euro area as a whole.