The meeting was opened by the President of the Senate of Italy, Pietro Grasso, who said that the presidency begun at the moment of constituting of new European five-year administration, expected to face serious challenges when restoring public confidence in the institutions and management systems in a responsible and sustainable manner was concerned. In his opening remarks, the Chairperson of the Committee for European Affairs of the Senate of the Italian Parliament, Vannini Chiti, said the fiscal discipline must be balanced through sustainable economic development and creating new job positions. With joint and more responsible politics, we would respond to crises in the region in a proper manner, as to strengthen the EU's role in the world, said Mr Chiti, adding that the Lisbon Treaty strengthened the parliamentary dimension, and thus the national parliaments must change, in order to timely and effectively respond to their obligations. A similar message was sent to the participants by the Chairperson of the Committee for European Affairs of the House of Commons of the Parliament of Italy as well, Michele Bordo, who pointed out that European policy must be redefined, through the strengthening of cooperation of parliaments with governments, through more honest inter-party communication, in order for EU to adequately respond to global challenges.

Italian Undersecretary of State responsible for European Affairs, Sandro Gozi, pointed out that in addition to supporting economic growth and job creation, Italy would during its six-month presidency of the EU as priorities have the energy, with particular emphasis on energy security of the EU, then the fight against climate change and the adoption of a common immigration policy. During the presentation it was shown that the EU enlargement to the Western Balkans and Turkey, was not among top priorities of the Italian presidency.

The meeting also discussed the 2014-2020 EU Structural and Investment Funds. In the frameworks of the talks on regional and foreign policy, and on the security situation, the taking down of the Malaysian civil aircraft in Ukraine was hardly condemned and pointed out that in the future the focus of COSAC would be the Eastern Partnership.

Delegation of the Parliament of Montenegro participated in the meeting of chairpersons of committees for European Affairs of parliaments of Southern Europe, which was organized on the sidelines of the COSAC for the second time. Creating of new informal forum of cooperation with regional determination, which brings together countries that share similar history and culture, was rated positively by all participants of the meeting. In light of the crisis in the Middle East, which has consequences for the entire region, it was pointed out at the meeting that the strategic priority for the European Union was to strengthen cooperation through existing forms of cooperation like Union for the Mediterranean, which brought together the countries of North Africa, through which the EU wanted to send a clear position in relation to events which disturbed peace in the Mediterranean region. In the final Statement that was adopted, the policy of enlargement was welcomed, pointed out to unacceptably high unemployment rate in the member states and to the need for concrete results in implementing the 2020 Strategy.