The Eurogroup discussed the overall budgetary situation and prospects in the euro area, and reviewed the economic and fiscal situation of the euro area member states. The outcome of this discussion is reflected in the next Eurogroup statement. The Eurogroup welcomes the Commission’s analysis of the budgetary situation in the euro area as a whole […]
Eurogroup reaches agreement on European Stability Mechanism reform
Main results of the video conference of the Eurogroup, 30 November 2020 Inclusive format Reform of the European Stability Mechanism (ESM) The Eurogroup agreed to proceed with the reform of the European Stability Mechanism (ESM): to sign the revised ESM treaty and to launch its ratification. Among other things, the reform establishes a common backstop […]
Eurogroup statement on COVID-19 developments this autumn
At the outset of Eurogroup meeting, members of the Eurogroup offered condolences to Austrian and French colleagues on the recent horrific attacks and reiterated that Europe will always stand together. The Eurogroup had a thorough discussion on the economic outlook in view of current COVID-19 developments. The Eurogroup was briefed by the Director of the […]
Eurogroup Statement on the Pandemic Crisis Support
On 23 April 2020, Leaders endorsed the agreement by the Eurogroup in inclusive format of 9 April 2020 on the three important safety nets for workers, businesses and sovereigns, amounting to a package worth EUR 540 billion, and called for their operationalisation by the 1st June 2020. The Leaders also agreed to work towards establishing […]
Video conference on the Eurogroup, 8 May 2020
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. Tasks 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 […]