Eurogroup

The Eurozone (also called Euro Area, Eurosystem or Euroland) refers to the European Union member states that have adopted the euro currency union. The European Central Bank is responsible for monetary policy within the zone.
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An informal gathering of the ministers of economics and finance of the EU Member States participating in the euro area. At meetings of the Eurogroup the ministers discuss issues connected with their shared responsibilities in respect of the single currency. The European Commission and the ECB are invited to take part in the meetings. The Eurogroup usually meets immediately before a normal ECOFIN meeting.