- Eurogroup and ECOFIN are key EU bodies for economic and financial coordination
- Eurogroup includes finance ministers from 20 eurozone countries
- Focuses on euro-related issues like economic policy and financial stability
- ECOFIN includes finance ministers from all 27 EU member states
- Addresses broader economic and financial issues like budget policies and taxation
- Eurogroup meets before ECOFIN to align eurozone positions
- ECOFIN has formal decision-making power under EU law
- Both bodies are crucial for EU economic governance and financial response
Source: bundesfinanzministerium.de
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
