The Economic and Financial Affairs Council (ECOFIN) is responsible for the EU’s economic policy, taxation issues and the regulation of financial services, as well as for issues regarding the euro and the coordination of EU positions for meetings at international level and the financial aspects of international negotiations on measures to tackle climate change. ECOFIN generally meets once a month and is composed of the economic and finance Ministers of all the member states. The day before each ECOFIN Council meeting, a meeting of the Eurogroup Ministers takes place. The Eurogroup brings together the Finance Ministers of the Member States of the Eurozone, aiming at the enhancing of the economic policy coordination.
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