The Euro-11 Group 

The European Council meeting in Luxembourg in December 1997 adopted a Resolution on economic policy coordination in Stage 3 of EMU. This Resolution reiterated the central role of ECOFIN as the centre for the coordination of the Member States' economic policies and reaffirmed that ECOFIN is the only body empowered to formulate and adopt the Broad Economic Policy Guidelines which constitute the main instrument of economic coordination.  

The Resolution also provided that "The Ministers of the States participating in the euro area may meet informally among themselves to discuss issues connected with their shared specific responsibilities for the single currency. The Commission, and the European Central Bank when appropriate, will be invited to take part in the meetings. Whenever matters of common interest are concerned they will be discussed by Ministers of all Member States. Decisions will in all cases be taken by the ECOFIN Council in accordance with the procedures determined by the Treaty."  

The Euro-11 Group normally meets once a month, on the morning of ECOFIN meetings.