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Find out how the euro area works

The Eurogroup is an informal body where the ministers of the euro area member states discuss matters relating to their shared responsibilities related to the euro. 

Tasks

Its main task is to ensure close coordination of economic policies among the euro area member states. It also aims to promote conditions for stronger economic growth.

The Eurogroup is also responsible for preparing the Euro Summit meetings and for their follow-up.

Meetings

The Eurogroup usually meets once a month, on the eve of the Economic and Financial Affairs Council meeting. The commissioner for economic and financial affairs, taxation and customs and the president of the European Central Bank also participate in the Eurogroup meetings.

The first informal meeting of finance ministers of the euro area countries took place on 4 June 1998 at the Château de Senningen in Luxembourg.

Meeting calendar

24/05/2018
Eurogroup, 24/05/2018

The Eurogroup is an informal body where the ministers of the euro area member states discuss matters relating to their shared responsibilities related to the euro.

12/03/2018
Eurogroup, 12/03/2018

The Eurogroup is an informal body where the ministers of the euro area member states discuss matters relating to their shared responsibilities related to the euro.

19/02/2018
Eurogroup, 19/02/2018

The Eurogroup is an informal body where the ministers of the euro area member states discuss matters relating to their shared responsibilities related to the euro.

22/01/2018
Eurogroup, 22/01/2018

The Eurogroup is an informal body where the ministers of the euro area member states discuss matters relating to their shared responsibilities related to the euro.

04/12/2017
Eurogroup, 04/12/2017

The Eurogroup met in two formats: the first was a regular meeting of the euro area ministers, while the second part was a meeting of the ministers from 27 EU member states with the aim of preparing the Euro Summit that will be held in December.

06/11/2017
Eurogroup, 06/11/2017

The topics discussed include public investment in human capital, the banking union, Greece and fiscal governance in the euro area.

09/10/2017
Eurogroup, 09/10/2017

Ministers discussed possible future roles of the European Stability Mechanism and shared national best practices in financing labour tax cuts. They were also informed about the results of the sixth post-programme surveillance mission to Portugal. 

15/09/2017
Eurogroup, 15/09/2017

The Eurogroup was briefed on the state of play of Greece's ongoing economic adjustment programme. Ministers also exchanged views on how to increase economic resilience in the Economic and Monetary Union. 

10/07/2017
Eurogroup, 10/07/2017

The Eurogroup discussed insolvency frameworks in the euro area as well as the euro area fiscal stance. It was informed about recent developments in the banking sector and about the main findings of the 7th post-programme surveillance mission to Ireland.

15/06/2017
Eurogroup, 15/06/2017

The Eurogroup finalised its discussion on the second review of Greece's economic adjustment programme. It also exchanged views on the results of the IMF Article IV consultation with the euro area and discussed ways to improve the quality of public finances.

22/05/2017
Eurogroup, 22/05/2017

The Eurogroup discussed Greece's macroeconomic adjustment programme, reviewed the economic situation and outlook in the euro area and was briefed on the 7th post-programme surveillance mission to Spain.

07/04/2017
Eurogroup, 07/04/2017

The Eurogroup was briefed on the ongoing second review of Greece's economic adjustment programme, discussed ways to encourage investment in the euro area and heard annual presentations by the resolution and supervisory authorities of the banking union. 

20/03/2017
Eurogroup, 20/03/2017

The Eurogroup assessed the budgetary situation in the euro area, discussed benchmarking of the pension systems and was briefed on the ongoing second review of Greece's economic adjustment programme.

Statements

04/12/2017
Remarks by J. Dijsselbloem following the Eurogroup meeting in inclusive format of 4 December 2017

J. Dijsselbloem remarks following the Eurogroup meeting in inclusive format of 4 December 2017.

04/12/2017
Remarks by J. Dijsselbloem following the Eurogroup meeting of 4 December 2017

J. Dijsselbloem remarks following the Eurogroup meeting of 4 December 2017.

04/12/2017
Eurogroup statement on the Draft Budgetary Plans for 2018

On 4 December 2017, Eurogroup issued a statement on the Draft Budgetary Plans for 2018.

04/12/2017
Mário Centeno to become next Eurogroup President

The Eurogroup elected Mário Centeno as the new President of the Eurogroup.

30/11/2017
Four candidates declared for Eurogroup presidency

The finance ministers of Latvia, Luxembourg, Portugal and Slovakia put forward their candidacy to succeed to Jeroen Dijsselbloem as president of the Eurogroup.

06/11/2017
Remarks by J.Dijsselbloem following the Eurogroup meeting of 6 November 2017

J. Dijsselbloem remarks following the Eurogroup meeting of 6 November 2017.

09/10/2017
Remarks by Jeroen Dijsselbloem following the Eurogroup meeting of 9 October 2017

Jeroen Dijsselbloem's remarks following the Eurogroup meeting of 9 October 2017.

15/09/2017
Remarks by Jeroen Dijsselbloem following the Eurogroup meeting of 15 September 2017

Jeroen Dijsselbloem's remarks following the Eurogroup meeting of 15 September 2017.

10/07/2017
Remarks by Jeroen Dijsselbloem following the Eurogroup meeting of 10 July 2017

Jeroen Dijsselbloem's remarks following the Eurogroup meeting of 10 July 2017.

15/06/2017
Remarks by Jeroen Dijsselbloem following the Eurogroup meeting of 15 June 2017

Jeroen Dijsselbloem's remarks following the Eurogroup meeting of 15 June 2017.

15/06/2017
Eurogroup statement on Greece

Eurogroup statement of 15 June 2017 on Greece.

23/05/2017
Remarks by J. Dijsselbloem following the Eurogroup meeting of 22 May 2017

J.Dijsselbloem's remarks following the Eurogroup meeting of 22 May covering Greece.

07/04/2017
Remarks by J.Dijsselbloem following the Eurogroup meeting of 7 April 2017

J.Dijsselbloem's remarks following the Eurogroup meeting of 7 April, covering Greece, banking union, common principles on investment and Cyprus post-programme surveillance.

07/04/2017
Eurogroup statement on common principles to promote investment

Eurogroup agrees on common principles to promote investment.

04/04/2017
Response letter by President Dijsselbloem to the members of the European Parliament

A response letter by Eurogroup President Jeroen Dijsselbloem to the members of the European Parliament, 4 April 2017. 

20/03/2017
Remarks by J. Dijsselbloem following the Eurogroup meeting of 20 March 2017

J. Dijsselbloem remarks following the Eurogroup meeting of 20 March 2017, covering Greece, 2017 budgetary plans, pension systems and debt issuance plans.

20/02/2017
Remarks by J.Dijsselbloem following the Eurogroup meeting of 20 February 2017

Eurogroup President Jeroen Dijsselbloem welcomed the common understanding reached between the Greek authorities and the institutions.

Eurogroup members

  • Jeroen Dijsselbloem
    President of the Eurogroup
  • Hans Jörg Schelling
    Austria Federal Minister for Finance of Austria
  • Johan Van Overtveldt
    Belgium Minister of Finance of Belgium
  • Harris Georgiades
    Cyprus Minister of Finance of Cyprus
  • Toomas Tõniste
    Estonia Minister of Finance of Estonia
  • Petteri Orpo
    Finland Minister of Finance of Finland
  • Bruno Le Maire
    France Minister of Economy and Finance of France
  • Peter Altmaier
    Germany Interim Minister of Finance of Germany
  • Euclid Tsakalotos
    Greece Minister of Finance of Greece
  • Paschal Donohoe
    Ireland Minister of Finance of Ireland
  • Pier Carlo Padoan
    Italy Minister of Economy and Finance of Italy
  • Dana Reizniece-Ozola
    Latvia Minister of Finance of Latvia
  • Vilius Šapoka
    Lithuania Minister of Finance of Lithuania
  • Pierre Gramegna
    Luxembourg Minister of Finance of Luxembourg
  • Edward Scicluna
    Malta Minister for Finance of Malta
  • Wopke Hoekstra
    Netherlands Minister of Finance of the Netherlands
  • Mário Centeno
    Portugal Minister of Finance of Portugal
  • Peter Kažimír
    Slovakia Minister of Finance of Slovakia
  • Mateja Vraničar Erman
    Slovenia Minister of Finance of Slovenia
  • Luis De Guindos
    Spain Minister of Economic Affairs and Competitiveness of Spain

President

The Eurogroup elects its president for a term of 2.5 years by a simple majority of votes. The incumbent president is Jeroen Dijsselbloem.  He was re-elected to the post for a second term on 13 July 2015. Jeroen Dijsselbloem is Minister for Finance of The Netherlands.

Work programme

The Eurogroup adopts its work programme every 6 months. The programme defines main areas of focus and sets preliminary agendas for the upcoming Eurogroup meetings.  

The euro is used by almost 337.5 million EU citizens
The euro is used by almost 337.5 million EU citizens

Joining the euro area

To be able to join the euro area the EU member states are required to fulfil the so-called 'convergence criteria'. These are economic and legal conditions agreed in the Maastricht Treaty in 1992 and are also known as 'Maastricht criteria'.

The final decision on a EU country's joining the euro area is taken by the Council of the EU, based on a proposal by the Commission and after the European Parliament has been consulted.