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 Public Expenditure, National Development Plan Delivery and Reform of Ireland.
Image: Jean Claude Juncker 2012 06 27
Image: Informal Meeting of EU Finance Ministers (26508744801)
Image: 2018 Finanzminister Löger bei Eurogruppe und ECOFIN (Mário Centeno)
Image: Paschal Donohoe TD
The euro area, commonly called the eurozone (EZ), is a currency union of 20 member states of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender, and have thus fully implemented EMU policies.
The European Central Bank (seat in Frankfurt depicted) is the supranational monetary authority of the eurozone.