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.
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.
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.
The Eurogroup discussed the economic situation in the euro area, the budgetary situation in Portugal and Spain, the euro area fiscal stance in 2017 and improving conditions for investment.
The Eurogroup discussed recent inflation and exchange rate developments in the euro area, the sustainability of pension systems and the IMF's recommendations for the euro area. It also adopted its work programme for the second half of 2016.
The Eurogroup welcomed a staff-level agreement on the first review of Greece's economic adjustment programme, and positive results of the 5th post-programme review mission to Spain. It also discussed the economic outlook in the euro area.
The Eurogroup discussed the state of play of the first review of Greece's macroeconomic adjustment programme and adopted a statement.
The Eurogroup discussed the implementation of Greece's economic adjustment programme, agreed on principles for improving the efficiency of national insolvency frameworks and exchanged views with the Chair of the Supervisory Board of the Single Supervisory Mechanism.
The Eurogroup adopted a statement on Cyprus's economic adjustment programme and on the draft budgetary plans for 2016. It discussed Greece's programme, transparency, and benchmarking.
The Eurogroup adopted a statement on Portugal's budgetary plan, discussed the economic situation, Greece's programme, transparency, and the quality of public expenditure.
The Eurogroup discussed Greece and Cyprus, the draft European Semester recommendation for the euro area and the interim results of the IMF Article IV consultation.
The Eurogroup was briefed on the activities of the Single Supervisory Mechanism and on the results of the post-programme surveillance mission to Ireland. It also discussed the implementation of Greece's economic adjustment programme and adopted its work programme for the next six months.
The Eurogroup adopted a statement on the euro area member states' draft budgetary plans and on the state of play in implementing Greece's economic adjustment programme.
The Eurogroup discussed Greece's economic adjustment programme, post-programme surveillance in Spain, and the banking union. Ministers were also briefed on the economic and fiscal situation in the euro area, and on the Commission proposals on economic governance.
The Eurogroup discussed the way forward in implementing Greece's new financial assistance programme and endorsed the first set of milestones. It also discussed services sector reform in the euro area countries and policy in a low interest rate environment.
The Eurogroup discussed the current economic situation, was debriefed on the latest developments in Greece and adopted two statements - on Cyprus and on benchmarking the tax burden on labour.
On 14 August 2015, the Eurogroup welcomed the agreement reached between Greece and the European institutions, with input from the IMF, on the policy conditionality underlying a new ESM programme for Greece.
On 13 July the Eurogroup held a follow-up discussion on Greece, was debriefed on how the member states are transposing the budgetary provisions of the fiscal compact into the national law, exchanged views on the Five presidents' report and re-elected Jeroen Dijsselbloem as its president for a second term.
J. Dijsselbloem remarks on the Eurogroup meeting of 11 July 2016, covering Spain and Portugal, the economic situation and investment.
On 21 June 2016 the President of the Eurogroup, Jeroen Dijsselbloem, made a speech at the Wirtschaftstag in Berlin.
The Eurogroup discussed how to improve the fiscal sustainability of pension systems as well the inflation in the euro area and exchange rate developments.
The Eurogroup agrees on common principles for strengthening the sustainability of pension systems.
Remarks by J. Dijsselbloem following the Eurogroup meeting of 24 May 2016.
The Eurogroup welcomed a staff-level agreement on the first review of Greece's programme and agreed on the approach to ensure its debt sustainability.
Jeroen Dijsselbloem presented the outcome of the Eurogroup, which discussed the first review of the macroeconomic adjustment programme for Greece.
The Eurogroup discussed the state of play of the first review of Greece's macroeconomic adjustment programme and agreed on the way forward.
Jeroen Dijsselbloem presented the outcome of the Eurogroup meeting, which covered Greece, insolvency frameworks and the single supervisory mechanism for banks.
The Eurogroup agrees on principles for improving the efficiency of national insolvency frameworks.
On 14 April 2016, Eurogroup President Jeroen Dijsselbloem made a speech at the Peterson Institute, Washington, D.C.
Jeroen Dijsselbloem presented the outcome of the Eurogroup meeting, which covered Greece, Cyprus, implementation of draft budgetary plans and other issues.
The Eurogroup supports Cyprus' decision to exit its programme as foreseen later this month without a successor arrangement.
The Eurogroup followed up on the implementation of member states' 2016 draft budgetary plans.
J. Dijsselbloem presented the outcome of the Eurogroup's discussion, which covered economic situation, Greece, Portugal, and transparency among other issues.
The Eurogroup welcomes Portugal's commitments to take the necessary measures to ensure the compliance of its 2016 budget with the Stability and Growth Pact.
J.Dijsselbloem presented the outcome of the Eurogroup's discussion on Greece and Cyprus, the draft European Semester recommendation for the euro area and the interim results of the IMF Article IV consultation.
J.Dijsselbloem presented the key points of the meeting: Greece, activities of the Single Supervisory Mechanism and post-programme surveillance in Ireland.
The Eurogroup statement on the budgetary situation and prospects for the euro area and on the draft budgetary plans of its members for 2016.
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.
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.
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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.