According to Panos Tsakloglou, former Chairman of the Council of Economic Advisers, the Council is "the think tank of the government in economic issues." It consists of "a board composed of academics, which meet regularly, and a scientific team that operates on a daily basis." Practically, it is responsible for representing Greece in EU and other international organisations' working groups, for monitoring the implementation of the memorandum, for carrying out various ad hoc duties within the Ministry of Finance, and for providing expertise to the Greek government when they request it.[1]
The Chairman of the Council of Economic Advisers represents Greece in EU working groups and on the Economic and Financial Committee. They are also Greece's deputy at meetings of the Eurogroup and the Economic and Financial Affairs Council (ECOFIN).[1] In April 2015, George Chouliarakis, then-Chairman, became Greece's representative to the 'Brussels Group' - the detailed technical negotiations taking place in Brussels over the third bailout package.[2]