The migrant crisis in Europe is expected to be top of the agenda for European finance ministers gathering in Luxembourg on Friday.
This informal Ecofin meeting will take place ahead of Saturday's Eurogroup discussions. The German government has estimated an additional 3 billion euros will be required in 2016 to handle the influx of refugees seen remaining within its borders.
Squawk Box Live gave you all the news and developments from Luxembourg and much more. Here's how the morning unfolded.