Source: Europa Nu.

The Eurogroup is an informal body where the ministers of the euro area i 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 i 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.