ECON: The role (and accountability) of the President of the Eurogroup

28 October 2024

This briefing paper provides an overview of the role and mandate of the Eurogroup, and the accountability of its President. 1) The role of the Permanent President of the Eurogroup (PEG); 2) PEG and the European Parliament; 3) The role and mandate of the Eurogroup; and 4) Eurogroup transparency.

I. The role of the Permanent President of the Eurogroup

The tasks of the President of the Eurogroup (PEG) are:
• To chair and steer EG meetings and sets the agenda on a monthly basis;
• To draw up the Euro group’s work programme;
• To present the outcomes of EG discussions to the public and the ministers of non-euro area EU countries during ECOFIN meetings;
• To represent the EG in international fora as e.g. the meeting of G7 Finance Ministers; and
• To take part in regular Economic Dialogues with the European Parliament.
Since Croatia joined the single currency area on 1 January 2023, the PEG is now responsible for steering the work of the 20 Finance Ministers forming the Eurogroup....

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