Economic and Financial Affairs

ECOFIN

The ECOFIN Council covers the coordination of the economic policies. ECOFIN monitors the economy and keeps control of the budgetary policy, public finances, the euro, financial markets and capital movements. It also prepares and adopts the annual budget for the EU together with the European Parliament. The Council consists of the Member States’ ministers of finance and economic affairs and they meet about once a month, while the group of eurozone countries usually meet the day before.