Eurogroup, 16/05/2019, 16 May 2019

Main results

Regular format

Macroeconomic situation and policy challenges 

The Eurogroup exchanged views on the economic situation of the euro area and discussed the main policy challenges on the basis of the European Commission forecast. The Commission published its spring forecast on 7 May.

Regular discussions on the economic situation and policy challenges underpin the Eurogroup's efforts to bolster economic growth and job creation.

• Spring 2019 economic forecast (European Commission)

Inclusive format

Budgetary instrument for convergence and competitiveness 

Following the mandate received by EU leaders at the 14 December Euro Summit, the Eurogroup in inclusive format continued discussing the deepening of the Economic and Monetary Union (EMU). 

Ministers discussed revenue aspects and looked into an overview of all the features of the budgetary instrument for convergence and competitiveness for the euro area and Exchange Rate Mechanism (ERM) II member states on a voluntary basis. The Eurogroup is expected to prepare an agreement in June.

• Deepening Europe's Economic and Monetary Union (background information)
• Statement of the Euro Summit (press release, 14/12/2018)