EU Finance Ministers adopted officially and without further discussion the "six-pack" of measures on economic governance. The package was already adopted in October and now Ministers gave their final and official approval. In addition, the Council adopted conclusions on the design of the so-called "scoreboard" of economic indicators to be used, as part of those new arrangements, in detecting macroeconomic imbalances.

The Economic and Financial Affairs Council adopted officially the six legislative proposals aimed at strengthening economic governance in the EU, and more specifically in the euro area. Adoption of the package follows political agreement on 4 October. According to the Council meeting conclusions, the measures will ensure the degree of coordination necessary to avoid the accumulation of excessive imbalances and to ensure sustainable public finances. This will help enable the EU's monetary union to function properly in the long term.

Among the decisions taken at the meeting the Council adopted the design of the so-called "scoreboard" of economic indicators to be used, as part of those new arrangements, in detecting macroeconomic imbalances. The scoreboard, combined with appropriate economic judgement, will form the basis for the Commission's first Alert Mechanism Report. The Council reaffirmed its readiness to fully and swiftly implement the new framework, including the new procedure for the surveillance and correction of macroeconomic imbalances and its enforcement mechanism under the Excessive Imbalances Procedure (EIP), following the agreement reached with the European Parliament.

On the other hand, the Council adopted conclusions on climate change in preparation for a UN conference to be held in Durban from 28 November to 9 December. The conclusions endorse a report on finance provided by the EU and its member states as part of their so-called "fast start" commitments for climate mitigation and adaptation measures in developing countries.