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Eurogroup
The Eurogroup is the recognised collective term for the informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency. The group has 20 members. It exercises political control over the currency and related aspects of the EU's monetary union such as the Stability and Growth Pact. The current president of the Eurogroup is Paschal Donohoe, the Minister for Finance of Ireland. The ministers meet '' in camera'' a day before a meeting of the Economic and Financial Affairs Council (ECOFIN) of the Council of the European Union. They communicate their decisions via press and document releases. The group is related to the Council of the European Union (only Eurogroup member states vote on issues relating to the euro in the ECOFIN) and was formalised under the Treaty of Lisbon. History The Eurogroup, formerly known as the ''Euro-X'' and ''Euro-XI'' in relation to the number of states ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jeroen Dijsselbloem
Jeroen René Victor Anton Dijsselbloem (; born 29 March 1966) is a Dutch politician and economist serving as Mayor of Eindhoven since 13 September 2022, succeeding John Jorritsma ( VVD). A member of the Labour Party (PvdA), he has also been Chairman of the supervisory board of Wageningen University since 1 April 2019. Dijsselbloem was Minister of Finance in the Second Rutte cabinet, serving from 5 November 2012 to 26 October 2017. He also served as President of the Eurogroup from 21 January 2013 to 12 January 2018 and President of the Board of Governors of the European Stability Mechanism (ESM) from 11 February 2013 until 12 January 2018. He was successively Chairman of the Dutch Safety Board from 1 May 2019 to September 2022. Early life and education Jeroen René Victor Anton Dijsselbloem was born on 29 March 1966 in Eindhoven, Netherlands. His parents were both schoolteachers. He was raised as a Roman Catholic. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paschal Donohoe
Paschal Donohoe (born 19 September 1974) is an Irish Fine Gael politician who has served as President of the Eurogroup since July 2020 and Ireland's Minister for Finance (Ireland), Minister for Finance since January 2025, and previously from 2017 to 2022. He has been a Teachta Dála (TD) for the Dublin Central (Dáil constituency), Dublin Central constituency since 2011 and President of the Eurogroup since July 2020. He served as Minister for Public Expenditure, National Development Plan Delivery and Reform from 2022 to 2025, Minister for Public Expenditure and Reform from 2016 to 2020, Minister for Transport (Ireland), Minister for Transport, Tourism and Sport from 2014 to 2016 and Minister of State for European Affairs from 2013 to 2014. Early life Donohoe was born in Phibsborough, Dublin, in 1974 and grew up in Blanchardstown. He is the son of a Stena Line employee who also worked renting marquees and tents. He was educated at St. Declan's College, St. Declan's CBS in Cabra, D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean-Claude Juncker
Jean-Claude Juncker (; born 9 December 1954) is a Luxembourgish politician who was List of prime ministers of Luxembourg, prime minister of Luxembourg from 1995 to 2013 and president of the European Commission from 2014 to 2019. He also was List of Ministers for Finances of Luxembourg, Finance Minister from 1989 to 2009 and President of the Eurogroup from 2005 to 2013. By the time Juncker left office as prime minister in 2013, he was the longest-serving head of any national government in the EU and one of the longest-serving democratically elected leaders in the world, with his tenure encompassing the height of the Eurozone crisis, European financial and sovereign debt crisis. In 2005, he became the first permanent President of the Eurogroup. In 2014, the European People's Party (EPP) had Juncker as its lead candidate, or ''Spitzenkandidat'', for the presidency of the Commission in the 2014 European Parliament election, 2014 elections. This marked the first time that the ''Spitz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Monetary Union Of The European Union
The economic and monetary union (EMU) of the European Union is a group of policies aimed at converging the economies of member states of the European Union at three stages. There are three stages of the EMU, each of which consists of progressively closer economic integration. Only once a state participates in the third stage it is permitted to adopt the euro as its official currency. As such, the third stage is largely synonymous with the eurozone. The euro convergence criteria are the set of requirements that needs to be fulfilled in order for a country to be approved to participate in the third stage. An important element of this is participation for a minimum of two years in the European Exchange Rate Mechanism ("ERM II"), in which candidate currencies demonstrate economic convergence by maintaining limited deviation from their target rate against the euro. The EMU policies cover all European Union member states. All new EU member states must commit to participate in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eurozone
The euro area, commonly called the eurozone (EZ), is a Monetary union, currency union of 20 Member state of the European Union, member states of the European Union (EU) that have adopted the euro (Euro sign, €) as their primary currency and sole legal tender, and have thus fully implemented Economic and Monetary Union of the European Union, EMU policies. The 20 eurozone members are: : Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. The seven non-eurozone members of the EU are Bulgaria, the Czech Republic, Denmark, Hungary, Poland, Romania, and Sweden. They continue to use their own national currencies, although all but Denmark are obliged to join once they meet the euro convergence criteria. Bulgaria is targeting to join the eurozone on 1 January 2026. Bulgaria is expected to become the 21st eurozone member from January 1, 2026. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro Summit
The Euro summit (also referred to as the eurozone summit or euro area summit) is the meeting of the heads of state or government of the member states of the eurozone (those EU states which have adopted the euro). It is distinct from the ''EU summit'' held regularly by the European Council, the meeting of all EU leaders. History The Euro summit began as an offshoot of the Euro Group, which is the meeting of the eurozone member's finance ministers. French President Nicolas Sarkozy called for the Euro summit to replace the Euro Group as a "clearly identified economic government" for the eurozone, stating it was not possible for the eurozone to continue without it. The eurozone economic government would discuss issues with the European Central Bank, which would remain independent. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stability And Growth Pact
The Stability and Growth Pact (SGP) is an agreement, among all the 27 member states of the European Union (EU), to facilitate and maintain the stability of the Economic and Monetary Union of the European Union, Economic and Monetary Union (EMU). Based primarily on :s:Consolidated version of the Treaty on the Functioning of the European Union/Title VIII: Economic and Monetary Policy#Article 121, Articles 121 and :s:Consolidated version of the Treaty on the Functioning of the European Union/Title VIII: Economic and Monetary Policy#Article 126, 126 of the Treaty on the Functioning of the European Union, it consists of fiscal monitoring of member states by the European Commission and the Council of the European Union, and the issuing of a yearly The European Semester#May, Country-Specific Recommendation for fiscal policy actions to ensure a full compliance with the SGP also in the medium-term. If a member state breaches the SGP's outlined maximum limit for government deficit and debt, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Prime Ministers Of Luxembourg
The prime minister of Luxembourg (; ; ) is the head of government of Luxembourg. The prime minister leads the executive branch, chairs the Cabinet and appoints its ministers. Since 1989, the title of ''Prime minister, Prime Minister'' has been an official one, although the head of the government had been unofficially known by that name for some time. Between 1857 and 1989, the prime minister was styled the ''President of the Government'', with the exception of the 25-day premiership of Mathias Mongenast.Thewes (2003), p. 65 Before 1857, the prime minister was the ''President of the Council of Ministers, President of the Council''. In addition to these titles, the prime minister uses the title ''Minister of State'', although this is usually relegated to a secondary title. This is a list of prime ministers and governments since the post was founded, in 1848. In larger font are the dates of the prime ministers entering and leaving office. The smaller dates, during the respective pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic And Financial Affairs Council
The Economic and Financial Affairs Council (ECOFIN) is one of the oldest configurations of the Council of the European Union and is composed of the economics and finance ministers of the 27 European Union member states, as well as Budget Ministers when budgetary issues are discussed. ECOFIN often works with the European Commissioner for Economic and Financial Affairs and the President of the European Central Bank. Tasks The Council covers a number of EU policy areas, such as economic policy coordination, economic surveillance, monitoring of Member States' budgetary policy and public finances, the euro (legal, practical and international aspects), financial markets and capital movements and economic relations with third countries. It also prepares and adopts every year, together with the European Parliament, the budget of the European Union which is about €145 bn. Art. 284 of the TFEU enables the ECOFIN president can attend the meetings of the ECB's Governing Council as an ob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jürgen Ligi
Jürgen Ligi (born 16 July 1959) is an Estonian politician, former Minister of Foreign Affairs, and a member and the vice-chairman of the liberal Reform Party. He was Minister of Education and Research in Taavi Rõivas' cabinet from 9 April 2015 to 12 September 2016. Previously, Ligi has served as the Minister of Defence from 2005 to 2007 and as the Minister of Finance from 2009 to 2014. Early life After graduating from Tartu Second Gymnasium in 1977, he studied geography and foreign economics at the University of Tartu. He also graduated from the Estonian Business School. Ligi has been the Head of Kuressaare Branch of the EVEA Pank, the Economic Advisor and Business Consultant to Kaarma Parish Rural Municipality Government, the Head of the Kuressaare Regional Office of the Estonian Chamber of Commerce and Industry, the Chief Specialist of Saaremaa Agro-industrial Association, and the Economist of the Planning Institute of the National Planning Committee. Political career ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister For Finance (Ireland)
The Minister for Finance () is a senior minister in the Government of Ireland. The Minister for Finance leads the Department of Finance and is responsible for all financial and monetary matters of the state; and is considered the second most important member of the Government of Ireland, after the Taoiseach. The current office holder is Paschal Donohoe, TD. He is assisted by one Minister of State Robert Troy, TD. Overview The Minister for Finance holds the second most important ministerial position in the Irish Cabinet after that of the Taoiseach. The minister is in charge of the Department of Finance responsible for all financial matters in Ireland. It is one of three positions in the government which the Constitution requires to be held by a member of Dáil Éireann, the other two being Taoiseach and Tánaiste. Ministers for finance who later became Taoiseach include Jack Lynch, Charles Haughey, Albert Reynolds, John Bruton, Bertie Ahern and Brian Cowen. The departme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
