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Eurogroup

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Eurogroup
An informal, periodic meeting of the finance ministers of the eurozone. The Eurogroup meets to influence the monetary policy of the eurozone, though the European Central Bank actually sets this policy. It held its first meeting in 1998 and received formal mandate in 2009.


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Eurogroup chief Jean-Claude Juncker warned last month that "if the euro's direction were to continue to move along the lines of recent weeks, there is a risk.
Eurogroup chief Jean-Claude Juncker warned last month that "if the euro's direction were to continue to move along the lines of recent weeks, there is a risk.
Spanish finance minister Elena Salgado, standing in for eurogroup chief Jean-Claude Juncker, said the idea was like an environmental tax "where the polluter has to pay" and a "kind of insurance" against future systemic failure.
 
 
 
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