Geopolitics Magazine March - April 2015 ( 8th Edition )

Geopolitics & Daily News Magazine Figure 5 ECB/Eurosystem/ELA Parliament National Government Judicial system Statics Agency The president of the Eurogroup IMF NCBs SRM National experts ECJ SSM Member States ECB The President of The Union Eurogroup The European Commission Working Group DG The Council Euro working Group ECHR The ECOFIN/ECFIN Citizens The European Figure 6 EZ Ecosystem Parliamen  Eurogroup: Eurogroup lies at the edge of EU Law. Even though it is an Unofficial body (forum according to EU Law –protocol 14), it plays a decisive role on managing the fiscal issues within Eurozone but according to the European Court of Justice, the decision made on a eurogroup summit has not binding effects, since the body has not such authority (Tameio Pronoias Prosopikou Trapezis Kyprou v Commission and European Central Bank (Case T-328/13). Geopolitics.com.gr all rights reserved 2015 Page 77

Geopolitics Magazine March - April 2015 ( 8th Edition ) | Page 79