Council of Ministers
- A cabinet of ministers in various governments across the world. Normally, it is the common reference to the Council of the European Union. The policy decisions made by this quasi-government body can affect every aspect of the European economy and, consequently, the worth of the euro. The value of this currency is a significant factor in Forex trading since the movement of the euro is correlated with the movement of many other major currencies.
- noun the body made up of ministers of the member States of the European Union which plays a major part in developing the laws of the union