The Eurogroup is a meeting of the finance ministers of the eurozone, i.e. those member states of the European Union (EU) which have adopted the euro as their official currency. It exercises political control over the currency and related aspects of the EU's monetary union such as the Stability and Growth Pact. Its current president is Dutch finance minister Jeroen Dijsselbloem.
The ministers meet in camera a day before a meeting of the Economic and Financial Affairs Council (Ecofin) of the Council of the European Union. They communicate their decisions via press and document releases. This group is related to the Council of the European Union (only eurogroup states vote on issues relating to the euro in Ecofin) and was formalised under the Lisbon Treaty.
Famous quotes containing the word group:
“Just as a person who is always asserting that he is too good-natured is the very one from whom to expect, on some occasion, the coldest and most unconcerned cruelty, so when any group sees itself as the bearer of civilization this very belief will betray it into behaving barbarously at the first opportunity.”
—Simone Weil (19101943)