The first meeting of the Economic and Financial Affairs Council (ECOFIN) for 2026 and Cyprus Presidency is being chaired on Tuesday by Cyprus' Minister of Finance Makis Keravnos, who, upon arrival at the meeting in Brussels, presented the agenda to the press. He stressed that the Council will await guidance from Thursday’s extraordinary European Council, so that EU leaders can indicate the preferred response tools regarding the exceptional US tariffs imposed on the EU over Greenland.