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Economic and Financial Affairs Council
Date
21 Jan 2013 23:00
Address
Brussels
BelgiumEvent Type
XL - Congress, convention
Organiser type
EU Institutions
Section
Euro & Finance
Event Location
Brussels
Event Description
The Economic and Financial Affairs Council ("Ecofin") is composed of the Economics and Finance Ministers of the Member States, as well as Budget Ministers when budgetary issues are discussed. It meets once a month.
This Council covers EU policy in a number of areas including: economic policy coordination, economic surveillance, monitoring of Member States' budgetary policy and public finances, the euro, financial markets and capital movements and economic relations with third countries. It decides mainly by qualified majority, in consultation or codecision with the European Parliament, with the exception of fiscal matters which are decided by unanimity.
The Ecofin Council also prepares and adopts every year, together with the European Parliament, the budget of the European Union.
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