Economic and Financial Affairs Council

The Economic and Financial Affairs Council (ECOFIN) is a key group within the European Union (EU) that brings together finance ministers from EU member states. Its main role is to discuss and coordinate economic policies, ensure financial stability, and manage public finances across the member countries. ECOFIN also deals with taxation issues, financial regulations, and matters related to the Euro, the EU's common currency. By working together, the ministers aim to promote sustainable economic growth and ensure that financial systems remain stable and resilient across the EU.