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Euro summit

Coordinates:50°50′29″N4°22′53″E / 50.8414°N 4.3814°E /50.8414; 4.3814
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Meeting of eurozone member states
Not to be confused withEU summit.

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TheEuro summit (also referred to as theeurozone summit oreuro area summit) is the meeting of theheads of stateor government of the member states of theeurozone (thoseEU states which have adopted theeuro). It is distinct from theEU summit held regularly by theEuropean Council, the meeting of all EU leaders.

History

[edit]

The Euro summit began as an offshoot of theEuro Group, which is the meeting of the eurozone member's finance ministers.[1]French PresidentNicolas Sarkozy called for the Euro summit to replace the Euro Group as a "clearly identified economic government" for the eurozone, stating it was not possible for the eurozone to continue without it. The eurozone economic government would discuss issues with the European Central Bank, which would remain independent.[2] Sarkozy stated that "only heads of state and government have the necessary democratic legitimacy" for the role. This idea was based on the meeting of eurozone leaders in 2008 who met to agree a co-ordinated eurozone response to the banking crisis.[3]

They first met in the summit format in October 2008, in response to thedebt crisis. Subsequent meetings took place in March 2010, May 2010, March 2011, July 2011 and October 2011.[1] In the October 2011 meeting, it was agreed to formalise the Euro summit, as at least twice yearly meeting. This change was formalised in the 2012Treaty on stability, coordination and governance in the Economic and Monetary Union. Since this formalisation, Heads of State or Government have failed to meet this target of twice yearly meetings in 2013, 2014, 2016 and 2017.[4] A Euro summit President, separate from theEuro Group President, would be elected at the same time as thePresident of the European Council and under the same rules. Until such an election takes place, the European Council President fulfils that role.[5][6]

Meetings

[edit]

In October 2011, the Eurozone head of states agreed to meet at least twice per year,[7] as part of measures to improve governance of the Eurozone. Meetings were chaired by presidentHerman Van Rompuy from March 2010[8] to November 2014.Donald Tusk has been the Euro Summit president since 1 December 2014, and ends his term on 31 May 2017.[9] The table below lists the date and summary reports of all previous Euro Summits.

#Euro summit dates[1]Conclusions[10]Press conference
112 October 2008[11]Launch of a bank crisis solution
225 March 2010[12]Statement
37 May 2010[13]StatementVideo
411 March 2011[14]ConclusionsVideo
521 July 2011[15]StatementVideo
623–26 October 2011[16]Remarks by President,
Statement
Video: 1Archived 22 April 2014 at theWayback Machine and 2Archived 29 February 2012 at theWayback Machine
79 December 2011[17]Statement
830 January 2012[18]Agreed lines of communication
92 March 2012[19]Statement
1029 June 2012[20]StatementVideo
1114 March 2013[21]New procedure rules for Euro summits,
Presidential Remarks
Video
1224 October 2014[22]StatementVideo[permanent dead link]
1322 June 2015[23]Website, Presidential remarks on Greece: 1 and2Video[permanent dead link]
147 July 2015[24][25]Website, Eurogroup meeting,Presidential RemarksVideo[permanent dead link]
1512 July 2015Website, Eurogroup meeting, Presidential Remarks,StatementVideo[permanent dead link]
1615 December 2017[26]Website,Presidential Remarks
1723 March 2018Website
1829 June 2018Website,Statement
1918 October 2018Website
2014 December 2018Website,Statement
2121 June 2019Website,Statement
2213 December 2019Website,Statement
2311 December 2020Website,Statement
2425 March 2021
(informal video conference)
Website,Statement
2525 June 2021Website,Statement
2616 December 2021Website,Statement
2724 June 2022Website,Statement
2824 March 2023Website,Statement
2927 October 2023Website,Statement
3022 March 2024Website,Statement

New procedure rules forEuro summits were adopted on 14 March 2013,[27] regulating the Euro Summit shall meet at least twice a year, convened by its president on preferably one of the same dates as theEU summits.[28] However, for unknown reasons, only one Euro Summit meeting per year took place in 2013 and 2014, and none took place in 2016.

President

[edit]

In its informal capacity, thede facto summit President has been theEuropean Council President, meaning thatHerman Van Rompuy chaired all meetings since March 2010 to December 2014. The proposals for formalisation of the summit include electing a President along the same lines (and term) as the European Council President,[29] and until then Van Rompuy continues to chair the summit. On 1 March 2012, according to theTreaty on Stability, Coordination and Governance in the Economic and Monetary Union (TSCG), he was formally elected as President of the Euro Summit for the term 1 June 2012 to 30 November 2014.[8] New president for the term 1 December 2014 until 31 May 2017, is the former Polish Prime MinisterDonald Tusk.[9] Belgian Prime MinisterCharles Michel was elected new president on 2 July 2019, taking office on 1 December 2019.[30]

Members

[edit]
The eurozone
RepresentativePictureMember StateIn office since
Christian StockerAustria3 March 2025
Bart De WeverBelgium3 February 2025
Andrej PlenkovićCroatia16 October 2016
Nikos ChristodoulidesCyprus28 February 2023
Kristen MichalEstonia23 July 2024
Petteri OrpoFinland20 June 2023
Emmanuel MacronFrance14 May 2017
Friedrich MerzGermany6 May 2025
Kyriakos MitsotakisGreece26 June 2023
Micheál MartinIreland23 January 2025
Giorgia MeloniItaly22 October 2022
Evika SiliņaLatvia15 September 2023
Gitanas NausėdaLithuania12 July 2019
Luc FriedenLuxembourg17 November 2023
Robert AbelaMalta13 January 2020
Dick SchoofNetherlands2 July 2024
Luís MontenegroPortugal2 April 2024
Robert FicoSlovakia25 October 2023
Robert GolobSlovenia1 June 2022
Pedro SánchezSpain2 June 2018
António Costa
Non-voting chair
European Union1 December 2024
Notes

Presidents of other EU institutions, such as thePresident of the European Commission and theEuropean Central Bank President also attend. Presidents of the Euro Group and of theEuropean Parliament may be invited and the President of the Euro Summit shall present a report to the European Parliament after each of the meetings of the Euro Summit. Heads of state or government of non-eurozone signatories to theEuropean Fiscal Compact treaty participate, at least once a year, for those policies of the treaty that apply to them. In some summits, other leaders might attend discussions, for example theBritish Prime Minister attending the 2008 summit.

See also

[edit]

References

[edit]
  1. ^abc"History of the Euro Summit". European Council. Archived fromthe original on 8 October 2014. Retrieved18 December 2012.
  2. ^"Sarkozy pushes eurozone 'economic government'Archived 21 October 2012 at theWayback Machine, France 24 (21 October 2008)
  3. ^Germany rejects idea of eurozone 'economic government': report, EU Business (21 October 2008)
  4. ^"Meeting Calendar".European Council. Retrieved9 November 2018.
  5. ^Possible changes in the EU Treaty, European Council
  6. ^EU states to speed up austerity, embrace 'limited' treaty change, EU Observer
  7. ^"European Council". Europa (web portal).
  8. ^ab"Herman Van Rompuy re-elected president"(PDF). Council of the European Union. 1 March 2012. Retrieved5 May 2013.
  9. ^ab"Special meeting of the European Council (30 August 2014): Conclusions"(PDF). European Council. 30 August 2014.
  10. ^"Council meeting conclusions". European Council. Archived fromthe original on 7 January 2015. Retrieved15 September 2014.
  11. ^"Summit of the euro area countries – Declaration on a concerted European action plan of the euro area countries (12 October 2008)"(PDF). Council of the European Union. 12 October 2008. Retrieved5 May 2013.
  12. ^"Statement by the heads of state and government of the euro area (25 March 2010)"(PDF). Council of the European Union. 25 March 2010. Retrieved5 May 2013.
  13. ^"Statement of the heads of state or government of the euro area (7 May 2010)"(PDF). Council of the European Union. 7 May 2010. Retrieved5 May 2013.
  14. ^"Conclusions of the heads of state or government of the euro area (11 March 2011)"(PDF). Council of the European Union. 11 March 2011. Retrieved5 May 2013.
  15. ^"Statement by the heads of state or government of the euro area and EU institutions (21 July 2011)"(PDF). Council of the European Union. 21 July 2011. Retrieved5 May 2013.
  16. ^"Remarks by President of the European Council Herman Van Rompuy following the meeting of the Euro Summit (26 October 2011)"(PDF). Council of the European Union. 27 October 2011. Retrieved5 May 2013.
  17. ^"Statement by the Euro area Heads of State or Government (9 December 2011)"(PDF). Council of the European Union. 9 December 2011. Retrieved5 May 2013.
  18. ^"Agreed lines of communication by euro area Member States (30 January 2012)"(PDF). Council of the European Union. 30 January 2012. Retrieved5 May 2013.
  19. ^"Statement Euro area Heads of State or Government (2 March 2012)"(PDF). Council of the European Union. 2 March 2012. Retrieved5 May 2013.
  20. ^"Euro area summit statement (29 June 2012)"(PDF). Council of the European Union. 29 October 2012. Retrieved5 May 2013.
  21. ^"Eurozone summit family photo (14 March 2013)"(PDF). Council of the European Union. 15 March 2013. Retrieved5 May 2013.
  22. ^"Euro Summit (24 October 2014) – Annotated Draft Agenda"(PDF). General Secretariat of the Council. 26 September 2014.Archived(PDF) from the original on 17 October 2014. Retrieved17 October 2014.
  23. ^"President Donald Tusk convenes a Euro Summit on Greece Monday 22 June at 19h00"(PDF). General Secretariat of the Council. 18 June 2015. Archived fromthe original(PDF) on 10 October 2016. Retrieved19 June 2015.
  24. ^"Invitation letter by President Donald Tusk to the Euro Summit"(PDF). General Secretariat of the Council. 6 July 2015. Archived fromthe original(PDF) on 26 September 2017. Retrieved8 July 2015.
  25. ^"Un sommet de la zone euro sur la Grèce se tiendra dès le 7 juillet".Le Monde (in French). 6 July 2015.
  26. ^"Non-euro states should take part in euro reform talks – EU's Tusk".Reuters. 21 October 2017. Archived fromthe original on 21 October 2017.
  27. ^"Remarks by President Herman Van Rompuy following first session of the European Council"(PDF). European Council. 14 March 2013.
  28. ^"Rules for the organisation of the proceedings of the Euro Summits"(PDF). Council of the EU. 14 March 2013. Archived fromthe original(PDF) on 22 April 2014. Retrieved28 May 2014.
  29. ^"Euro summit statement (26 October 2011)"(PDF). Council of the European Union. 26 October 2011. Retrieved5 May 2013.
  30. ^"Special meeting of the European Council". European Council. 2 July 2019. Retrieved1 January 2023.
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