What are Eurogroup meetings?

What are Eurogroup meetings?

The Eurogroup is the recognised collective term for informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency.

Who is EU finance minister?

How the Eurogroup works?

The Eurogroup members elect the Eurogroup president for a term of two and a half years by a simple majority of votes. If the president is prevented from fulfilling his or her duties, he or she is replaced by the finance minister of the country that holds the presidency of the Council.

What does the Council of the European Union do?

The Council of the European Union shares decision-making power with the European Parliament, particularly in the areas of law-making and budget approval. The Council consists of a government minister from each member state. It is a single legal entity, although members are not fixed.

Where is the ECB located?

Frankfurt am Main, Germany
The most important decisions, including setting the interest rates and deciding which other monetary policy tools to use, are taken by the Governing Council. The ECB is based in Frankfurt am Main, Germany.

How many banks are in the ECB?

Its capital stock, worth €11 billion, is owned by all 27 central banks of the EU member states as shareholders.

What is ECB stand for?

ECB