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The Euro Group or Eurogroup is a meeting of the finance ministers of the eurozone. It is the political control over the euro currency and related aspects of the EU's monetary union such as the Stability and Growth Pact. Its current President is Jean-Claude Juncker. The ministers meet a day before a meeting of the Economic and Financial Affairs Council of the Council of the European Union. This group is related to the Council of the European Union and was formalised under the Lisbon Treaty