Protocol No 14 to the Lisbon Treaty

Eurogroup

Protocol 14 to the Lisbon Treaty

Protocol 14 to the Lisbon Treaty enters into force on 1 December 2009, setting out the role of the Eurogroup. Ministers of the member states with the euro will meet informally to discuss matters related to the single currency and they will elect a president for two and a half years.

The Lisbon Treaty also amends the Council of the EU's rules so that when the full Economic and Financial Affairs Council (Ecofin) votes on matters only affecting the euro area, only Eurogroup members are allowed to vote.