Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-05-16-Speech-3-242"
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"en.20010516.10.3-242"2
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"The ‘Eurogroup’ is an informal body set up in 1998 on the basis of a resolution on economic policy coordination in stage 3 of EMU. The resolution was adopted by the European Council in Luxembourg on 13 December 1997.
The resolution states that the Ministers of the States participating in the euro-area may meet informally among themselves to discuss issues connected with their shared specific responsibilities for the single currency. The resolution also confirms that decisions will in all cases be taken by the Ecofin Council in accordance with the procedures determined by the Treaty.
The European Council in Nice in December last year welcomed the improvements made to the workings of the Eurogroup and its visibility. It also welcomed the intention to extend the range of mainly structural matters dealt with in this forum, with due regard for the conclusions of the Luxembourg European Council meeting, i.e. that the Eurogroup be informal and without any decision-making powers."@en1
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