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 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.
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.
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.
The Eurogroup discussed the way forward in the second review of Greece's programme, looked into the ease of doing business in the eurozone and exchanged views on the economic forecast for 2017-2018.
The Eurogroup adopted a statement on the draft budgetary plans of Spain and Lithuania, discussed recommendations on the economic policy of the euro area for 2017 and the second review of Greece's economic adjustment programme.
The Eurogroup discussed countries' draft budgets, was briefed on the ongoing second review of Greece's economic adjustment programme and adopted its work programme for the 1st half of 2017.
The Eurogroup heard presentations by the banking union institutions, discussed the national insolvency frameworks, was updated on the implementation of Greece's programme, and on post-programme surveillance in Cyprus and Spain.
The Eurogroup discussed the implementation of Greece's economic adjustment programme, exchanged views on the fiscal sustainability challenges of health care and long-term care and talked about the current fiscal issues.
The Eurogroup discussed the implementation of Greece's economic adjustment programme, adopted a statement on improving the allocation of expenditure and talked about the current fiscal issues.
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.
Jeroen Dijsselbloem's remarks following the Eurogroup meeting of 15 June 2017.
J.Dijsselbloem's remarks following the Eurogroup meeting of 22 May covering Greece.
J.Dijsselbloem's remarks following the Eurogroup meeting of 7 April, covering Greece, banking union, common principles on investment and Cyprus post-programme surveillance.
Eurogroup agrees on common principles to promote investment.
A response letter by Eurogroup President Jeroen Dijsselbloem to the members of the European Parliament, 4 April 2017.
Letter by Eurogroup President Jeroen Dijsselbloem to the President of the European Parliament Antonio Tajani
J. Dijsselbloem remarks following the Eurogroup meeting of 20 March 2017, covering Greece, 2017 budgetary plans, pension systems and debt issuance plans.
Eurogroup agrees on benchmarking pension sustainability.
Eurogroup President Jeroen Dijsselbloem welcomed the common understanding reached between the Greek authorities and the institutions.
Eurogroup President Jeroen Dijsselbloem issued a statement on Greece
J. Dijsselbloem remarks following the Eurogroup meeting of 26 January 2017, covering Greece, Ireland, Portugal and the Draft Budgetary Plans of Spain and Lithuania.
The Eurogroup discussed and assessed the updated Draft Budgetary Plans for 2017 of Spain and Lithuania.
On 24 January 2017 the President of the Eurogroup, Jeroen Dijsselbloem, made a speech at The Future of Europe event in Brussels.
On 9 December 2016, the President of the Eurogroup, Jeroen Dijsselbloem, made a speech at the "Europe calling!" - conference to commemorate the 25-year anniversary of the Maastricht Treaty.
The Eurogroup endorsed short-term debt measures and calls for a swift staff-level agreement in the context of the second review of Greece's programme.
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.
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.