The Informal Economic and Financial Affairs Council (ECOFIN) took place in Vienna on 7 and 8 April 2006. I represented the United Kingdom.

The informal council discussed globalisation, with the participation of chief executive officers of three international companies. This focused on how to preserve and further strengthen Europe's attractiveness as a business location and for foreign investment, on completing the single market, and on how to ensure a more equal distribution of benefits among citizens.

The informal council also discussed the working methods of ECOFIN; the present economic situation and prospects for the global economy; the preparation of the spring meetings of the Bretton Woods institutions; and taxation.